Commodities Daily Forecast – January 15, 2019

Colin First
Commodities Technical Analysis


The gold prices during Monday’s session was bit stable and did not break out above. The market is highly influenced by the Dollar index which is continuing to be extremely choppy. Underneath, the $1280 level is massively supportive which extends down to the $1250 level. A breakout above $1300 level will be extraordinarily bullish and send the market towards $1400 level in the long term. …Read More


The silver prices were mostly stable during yesterday’s session, trading around the $15.60 level. The market is likely to try to build up enough momentum to continue moving higher and break above the $16 level. The $15.50 level underneath is a strong support point and break below could lead to market breaking towards the $15 level. …Read More

WTI Crude Oil

The crude oil prices traded weak during the Monday’s session, as it slid down towards the $50 level. The 200 Day EMA is offering resistance to the crude oil prices and if it breaks above this slope, then it can more buyers will start entering the market. If the crude oil prices break below the $50 level, then sellers will hammer the market down to the $45 level. …Read More

Natural Gas

The Natural Gas gapped higher at the open during yesterday’s session, breaking above the $3.50 level to reach towards the $4 level. The $4 level above is massively resistive and sellers would like to get involved once the market shows signs of exhaustion as the current fundamentals don’t support higher prices. The $3.50 level will offer a bit of support to the market and break below would cause the market to rollover further. …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
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.
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.