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Commodities Daily Forecast – December 27, 2017
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Gold The gold prices gapped higher at the open during the Tuesday's session and then continued to go higher. The market is likely to reach towards the
Gold
The gold prices gapped higher at the open during the Tuesday’s session and then continued to go higher. The market is likely to reach towards the $1290 level in next couple of session which is also the top of the long-term consolidation area. The $1275 level underneath is going to be massively supportive. The traders should look at the price movement of dollar index which affects this market directly. …Read More
Silver
The silver prices gapped higher during the Tuesday’s session and rallied to reach the $16.50 level, which has been an important level in the past. All the precious metals are gaining value in last few sessions as the all other major currency pairs are reporting a drop in volume. Once this market manages to break above the $16.50 level, the market can go higher to reach towards the $16.75 level, and then the $17 level after that with a support at $16 level underneath. …Read More
WTI Crude Oil
The crude prices exploded higher during the Tuesday’s session in the American session. Now, the prices are close to the crucial $60 level in this thin market which will make this market a bit choppy. But, if the market manages to break above the $60 level then it will be a very positive signal. The market is expected to be lot noisier around these level and also the production issues will affect this market moving forward. …Read More
Natural Gas
The natural gas prices gapped higher above at around $2.75 level in Tuesday’s session showing signs of strength. But as the day progressed, it went below to fill the gap down at $2.67 level. The natural gas prices are now very difficult to judge and if the prices break below the $2.62 level then it will be very negative and also will send the prices down to $2.50 level. …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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