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.

Gold

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

Silver

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

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US