Commodities Daily Forecast – January 26, 2018

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Published: Jan 26, 2018, 07:57 UTC

Gold Gold prices have been choppy over the last 24 hours as the prices have bounced back from the support at the 1345 region and now trade above the 1350

Gold

Gold prices have been choppy over the last 24 hours as the prices have bounced back from the support at the 1345 region and now trade above the 1350 region as of this writing. It is being driven by the strength and the weakness of the dollar and so the close today would be important. …Read More

Silver

Silver prices have also diligently followed the price action from the gold markets and they trade in the $17.5 region as of this writing. A strong close today is important for the bulls to continue their momentum else they risk falling off into the $17 region. …Read More

WTI Crude Oil

The oil prices have also been trading in a weak manner as the strength of the dollar seems to have been impacting the oil market as well. The support region at $65 is expected to hold for the short term and the traders could use that region to buy the oil contracts with a target of $70. …Read More

Natural Gas

The prices have been choppy over the last 24 hours as the prices initially rallied but faced some stiff resistance at the $3.5 region and has since corrected back lower though it has to be said that the move should be viewed as a correction rather than a change of trend as yet. …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.