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Commodities Daily Forecast – February 1, 2018
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Gold Gold prices continue to trade near the highs of its range. There was a brief dip following the FOMC meeting minutes which turned out to be slightly
Gold
Gold prices continue to trade near the highs of its range. There was a brief dip following the FOMC meeting minutes which turned out to be slightly more hawkish than what was expected but the prices have since recovered and now we are back near the range highs. …Read More
Silver
Silver prices have also been meandering along since the beginning of the week with no specific direction. The NFP data from the US tomorrow is likely to set the tone for the markets for the short term. …Read More
WTI Crude Oil
The crude oil prices also recovered over the last 24 hours as the prices moved above the $64 region during this period. It is likely that the prices would test out the $65 region in the short term which would act as a resistance now. …Read More
Natural Gas
The trend continues to point upwards but it is likely that the weather forecasts would have a bigger say in determining the direction in which the prices are going to move in. We expect some consolidation and correction before the next move higher. …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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