Commodities Daily Forecast – January 14, 2019

Colin First
Crude Oil daily chart, March 14, 2018
Container Cargo freight ship with working crane bridge in shipyard.


The gold price was mostly sideways during the Friday’s session as it is trying to gain enough momentum to continue moving higher. A break above $1300 level would send the gold prices towards the $1400 level in the long term. Pullbacks in the market will continue to offer a nice buying opportunity with strong support running down at $1250 level. …Read More


The silver prices were mostly sideways in the Friday’s session as the $15.50 level underneath continues to offer strong support. The market will continue to witness buyers at the lower level and eventually will break above the $16 level. A break above $16 level would send the market towards the $17 level in the long term. In an alternate scenario, it silver prices breaks down below the $15.50 level, then it could reach down to $15.20 level. …Read More

WTI Crude Oil

The crude oil prices were sluggish during the Friday’s session as the $52.50 level above is offering a strong resistance. At the moment, 200 Day EMA is offering a strong resistance and it is likely that it will pull back down to the $50 level. A break above $52.50 level could send the crude prices towards the $58 level. …Read More

Natural Gas

The Natural Gas prices rallied significantly in the Friday’s session, reaching above the $3.20 level. Overall the market will continue to be volatile and if there are any signs of exhaustion in the market, then sellers would break the market down towards the $3 level. In an alternate scenario, if natural gas prices break above the $3.30 level, then it will easily reach towards the $3.50 level. …Read More

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