Crude Oil, gold fall, as risk aversion returns to the end of the month

Crude Oil and Gold courses are in the midst of an apparent return of the "classical" risk aversion under pressure. Flows to the end of the month could be the appropriate catalyst.

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Crude Oil and Copper fall as risk aversion grips the financial markets

Gold and silver sold as U.S. dollar hits demand for safe investments again

Commodity prices are at the end of the trading week under pressure, due to of something that looks all the way to a return of the famous risikoaversiven dynamics.The cycle-sensitive Crude Oil and Copper courses follow the shares lower, while the U.S. dollar its reclaims references as a safe investment and rising, de facto gold and silver is under selling pressure. , the S & P 500 futures show strong downward, suggesting that it continues when the Wall Street comes online.

 The cash flow at the end of the month might be the drivers behind it, but that's pure speculation at this point. On the economic data front, the figures are for U.S. personal income and spending, and the Chicago PMI survey and the final revision of the consumer confidence survey from the University of Michigan in May in the center.

Technical Analysis Crude Oil (WTI) - The course seems to form a formation head-and-shoulders top chart. Confirmation requires a close below the neckline of the pattern (now at 92.78), which is initially the 1st low May at 90.09 and a measured target at lower exposing 88.58. Near-term resistance is at 95.89, the high of 28 May and a shock it is aimed at a falling trend line at 96.82.

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Gold Technical Analysis (Spot) - The share price rose more than expected , after a bullish engulfing candlestick pattern formed and overcame the 38.2% Fibonacci expansion at 1401.63. Buyers are now trying to challenge the 50% mark at 1421.26, and a push over it also targets the 61.8% Fib at 1440.90. 1401.63 The brand is now used as short-term support.

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Silver Technical Analysis (Spot) - The course continues to consolidate above support at 22.03, the 38.2% Fibonacci retracement. A fraction of which is aimed at the 50% level at 21.17. Near-term resistance is at 23.10, the 23.6% Fib, and turning it depends on the high of 26 April at 24.82.

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Copper Technical Analysis ( COMEX E-Mini) - The course could be a head-and-shoulders (H & S) bottom chart formation emerge. It is an acknowledgment by a closing price above the neckline of the pattern, now needed at 3,357. In a break above the high of 22 first moves May with 3,418 targeted. Short term support is at 3,275, the 38.2% Fibonacci retracement.