Gold
The gold prices rolled over a bit during the Thursday’s session as geopolitical tension involving US and Russia started to relax a bit. The gold prices have sliced through the $1350 level reaching towards the $1340 level. Given enough time, the market is likely to resume its upward trend with $1350 as a first resistance level and then at $1375 level. …Read More
Silver
The silver market broke down a bit during the Thursday’s session slicing through the $16.60 level. The $16.50 level underneath will offer a strong support underneath and will attract buyers. Geopolitical tensions involving the US, China and Russia over trade and the Middle-East issue will have a huge influence in the market and should be looked after to have clue of short-term price movements in the market. …Read More
WTI Crude Oil
The crude oil prices softened a bit during the Thursday’s session breaking below the $66.50 level. The market is likely to trade weak in next few session possibly reaching the $65 and $64 level where buyers are likely to pick this market. The overall attitude of the market remains volatile due to the geopolitical tensions relating to Middle-east. …Read More
Natural Gas
The natural gas prices initially tried to rally but faced strong resistance at the $2.69 level to roll over and drop a bit. The market is likely to continue trading volatile and $2.60 level and $2.50 level will act as a strong support level. Any rally in this market will attract sellers into the market as both fundamental and technical aspects are very weak. …Read More