Commodities Daily Forecast – December 28, 2018

Colin First


The gold prices initially pulled back slightly lower during the Thursday’s session but has recovered from there to continue moving higher. The $1280 level will offer a short-term resistance and if it breaks above then it would easily reach towards the $1300 level and a break above could send the pair towards the $1400 level in the long term. The 50 Day EMA and $1255 level underneath continues to offer significant support to the market. …Read More


The silver prices continue to find enough buyers to continue to rally towards the $15.30 level in the yesterday’s session. With weakness in the USD, the silver prices will continue to find enough buyers to push the prices higher towards the $16 level. Pullbacks will continue to offer a nice buying opportunity in the silver. …Read More

WTI Crude Oil

The crude oil prices remained stable through yesterday’s session around the $45 level, which has been both supportive and resistive in the past. Overall the momentum continues to be negative and rallies should offer a nice selling opportunity. The $50 level above is a massive ceiling in the market and 50 Day EMA is also turning lower, which is a very negative sign. …Read More

Natural Gas

The natural gas prices went back and forth during yesterday’s session as volumes in the market continues to be very thin. The $3.50 level above continues to be massively resistive and rallies will continue to be a nice selling opportunity. The $3.20 level underneath should offer strong support to the market. …Read More

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