Commodities Daily Forecast – January 21, 2019

Colin First
Technical Update For Gold, Silver & WTI Crude Oil: 12.01.2018
The container terminal at dusk


The gold prices have pulled back in the Friday’s session, reaching down to the $1280 level which is offering a bit of support. The market will continue to be bullish in the long term as the Federal Reserve is likely to go easy on rate hikes. A break above $1300 level would bring more buyers into the market and send the gold prices much higher. …Read More


The silver market has entered a bearish territory of the trend by breaking below the supportive $15.50 level. The market is likely to get strong support at the 50 Day EMA, but if it fails the support line, then most probably the silver prices will break towards the $15 level and much below. The silver market needs to reclaim the $15.50 level in next few sessions in order to maintain the bullish sentiment. …Read More

WTI Crude Oil

The crude oil prices moved higher during the Friday’s session, clearing above the 50 Day EMA which is a bit bullish for the market. If the crude prices break above the $55 level, then it can easily reach towards the $60 level and will also continue to attract buyers. Short term pullbacks will continue to be a nice buying opportunity and it is likely that the market has bucked the downward trend. …Read More

Natural Gas

The Natural Gas prices fell a bit during Friday’s session as the market continued to witness selling pressure. The $3.20 level underneath is strong support for the natural gas prices and a break could send the market towards the $2.90 level. In the alternate scenario, $3.50 level above will offer massive resistance to the natural gas prices. …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.