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Commodities Daily Forecast – August 25, 2017
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Gold Gold prices have been consolidating and ranging over the last 24 hours and in fact, since the beginning of the week and this is set to continue for
Gold
Gold prices have been consolidating and ranging over the last 24 hours and in fact, since the beginning of the week and this is set to continue for today which could then open up for a volatile move after the Jackson Hole meeting. This meeting has been looked forward to by the market since the start of the week and hence volatility is guaranteed following this event. …Read More
Silver
Silver prices have also been following the same pattern as the gold prices and have been coiling themselves. They are likely to be led in the same direction as the gold prices later on today when the speeches at Jackson Hole are likely to determine the trend for short term. …Read More
WTI Crude Oil
Oil prices have been chopping around in the $46-$48 region since the beginning of the week as the focus has been on gold and the dollar. We continue to believe in the medium term uptrend in the prices and would believe that the incoming data would support this trend in the medium term. …Read More
Natural Gas
The prices moved slightly higher yesterday as the incoming data showed that the storage had become lesser over the past week or so. Inclement weather is also likely to affect the supply and hence is likely to keep the prices buoyed in the short term. …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.
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