Crude oil showed bearish movement and closed below the 61.8% retracement level on the daily chart. If crude oil sustains below this level, it may test the next support of $6,500, which is also the lower band of the channel pattern. The document provides a technical analysis of commodity prices including gold, silver, crude oil, and copper with support and resistance levels.

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18 SEP 13
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PIVOT TABLE
TECHNICAL VIEW
CRUDE
COMMODITIES S1 S2 S3 R1 R2 R3
GOLD 29590 29150 28740 29965 30275 30650
SILVER 48850 48000 47150 50010 50800 51700
CRUDEOIL 6700 6635 6565 6785 6845 6920
COPPER 453.95 451 448.30 458.50 461.80 465
Crude showed bearish movement and gave closing below 61.8% retracement on daily chart, now if
it sustain below this then it may test next support level of 6500 i.e. also a lower band of channel
pattern.

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