Commodities Daily Forecast – December 3, 2018

By:

Published: Dec 3, 2018, 09:12 UTC

Gold The gold prices continued to hover around the $1225 level in the Friday's session, struggling to break higher. The market has been choppy for the

Gold

The gold prices continued to hover around the $1225 level in the Friday’s session, struggling to break higher. The market has been choppy for the last many sessions and trading around its major support at the $1200 level. If the market breaks above the $1250 level above, then it could attract a lot of buyers into the market. …Read More

Silver

The silver market broke down during the Friday’s session reaching down the $14.15 level, showing signs of weakness. The $14 level underneath is a major support level and if it breaks below the level, then it can further break down to the $11 level. The 50 Day EMA above is proving to be extremely resistive and will continue to be extremely sensitive to the USD. …Read More

WTI Crude Oil

The crude oil prices hovered around the $50 level for much part of the session on Friday, the level which is offering massive support to the market. The market has a lot of resistance above and if it manages to break above the $55 level, then buyers would be interested in the market. However, the market continues to be noisy and will remain volatile. …Read More

Natural Gas

The natural gas market is experiencing massive resistance above at the $4.75 level and $5 level and is continuing to witness some wild swings. The market has been explosive as of late and $4 level underneath is a major support level. Any signs of exhaustion will attract sellers back into the market with a target of $3.50 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.