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Commodities

Gold, Silver, Oil Prices Hit Key Support and Resistance Levels

Guavy AI Editorial Team
Instruments
Oil Gold Silver Natural Gas
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Commodity prices are subject to fluctuation based on various market forces. According to the latest chart from Huitong Finance Xiruote, commodity support and resistance levels have been identified for several key assets. The 'Daily PP' (Pivot Point) serves as a reference point for these calculations.

The spot gold price, represented by XAU/USD, has a pivot point of 4314.12 USD/ounce with a maximum support and resistance range between 4114.88-4540.37 USD/ounce.

Spot silver, represented by XAG/USD, shows a pivot point of 63.25 USD/ounce with a maximum support and resistance range between 57.46-69.31 USD/ounce.

The NYMEX platinum main contract, PLAT, has a pivot point of 1754 USD/ounce with a maximum support and resistance range between 1736.75-1767.8 USD/ounce.

WTI crude oil main contract US OIL's 'Daily PP' shows a pivot point of 78.85 USD/barrel with a maximum support and resistance range between 77.23-80.41 USD/barrel.

The WTI natural gas main contract, US NATG, has a pivot point of 2.723 USD/million British thermal units (mmBtu) with a maximum support and resistance range between 2.656-2.788 USD/mmBtu.

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