Commodities Daily Forecast – April 25, 2018

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Published: Apr 25, 2018, 08:56 UTC

Gold The gold prices managed to rally a bit during the yesterday's session as $1320 level offered a bit of support. Overall the market is in bullish

Commodities Daily Forecast – April 25, 2018

Gold

The gold prices managed to rally a bit during the yesterday’s session as $1320 level offered a bit of support. Overall the market is in bullish momentum and will continue to find buyers in the dips. The $1300 level in the market will be the floor and is unlikely to be broken easily. …Read More

Silver

The silver prices initially drifted lower during the yesterday’s session but got a bit of support around the $16.55 level to change its course. The market seems to be forming a base around which it will use to rally further higher moving towards the $17.25 level in short to medium term. …Read More

WTI Crude Oil

The crude oil prices tried to move above the $69.50 level during the yesterday’s session but failed to get above and went lower reaching towards the $68.50 level. Breaking above $70 will be a bit difficult for the market due to the strong resistance and will take significant momentum. Pullbacks will offer a good opportunity for traders to enter this market. …Read More

Natural Gas

The natural gas prices were initially sideways during the Tuesday’s session but then started to rally reaching towards the $2.78 level. The market has a significant amount of resistance at the $2.80 level above and a break above could lead the market towards the $3 level. Any signs of exhaustion will attract sellers which will break the market down hard. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.