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FxWirePro: Daily Commodity Tracker - 4th June, 2020

Daily Commodity Tracker 

WTI (US OIL):

Daily trend - Neutral, signs of exhaustion at highs

Overbought/ Oversold index: Oscillators are at overbought, scope for rollback

Volatility: High on the daily chart; low and shrinking on the hourly chart

Previous Week High/Low: 35.75/ 31.16

Previous Day High/Low: 38.15/ 35.91

GOLD (XAU/USD): 

Daily trend - Slightly bearish, price has slipped below 200H MA

Overbought/ Oversold index: Oscillators are in neutral territory and biased lower

Volatility: High and rising on the daily chart; shrinking on the hourly chart

Previous Week High/Low: 1737.914/ 1694.006

Previous Day High/Low: 1732.312/ 1659.589

SILVER (XAG/USD):

Daily trend - Neutral with bearish bias

Overbought/ Oversold index: Oscillators are at overbought, on verge of rollback into neutral

Volatility: Shrinking on the daily chart, low on the hourly chart

Previous Week High/Low: 17.91/ 16.85

Previous Day High/Low: 18.08/ 17.46

COPPER (XCU/USD):

Daily trend - Neutral, scope for upside resumption

Overbought/ Oversold index: Oscillators are at overbought, scope for rollback

Volatility: Rising on the daily and hourly charts

Previous Week High/Low: 2.457/ 2.357

Previous Day High/Low: 2.504/ 2.474
 

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