Commodities Daily Forecast – April 27, 2018

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Published: Apr 27, 2018, 08:45 GMT+00:00

Gold The gold prices initially moved in a sideways direction during the yesterday's session but then broke below the $1320 level showing signs of

Gold

The gold prices initially moved in a sideways direction during the yesterday’s session but then broke below the $1320 level showing signs of weakness. The $1300 level is going to offer a significant support which is also a psychologically significant level and until it breaks above the $1325 level, there will be some amount of bearish pressure. …Read More

Silver

The silver prices rolled slightly during the Thursday’s session, hanging just above the $16.50 level. This area is massively supportive and is likely to attract buyers and if it breaks down, then the next support will be at $16 level. Overall, the volatile movement will continue in the market as the dollar is gaining strength off-lately. …Read More

WTI Crude Oil

The crude oil prices went back and forth during the Thursday’s session around the $68 level which is offering a bit of support. The market is facing a stiff resistance going above the $68 level due to major resistance above. Dips in the market will continue to be a nice buying opportunity in this market. …Read More

Natural Gas

The natural gas prices broke above the $2.80 level during the yesterday’s session which is essentially a very bullish sign. Moving ahead, the market is likely to move higher towards the $3 level and any signs of exhaustion will attract sellers which will break this market further. …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.