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Commodities Daily Forecast – July 11, 2017
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Gold The gold markets dropped down significantly before settling for some areas of support underneath. With the Federal Reserve looking to hike the
Gold
The gold markets dropped down significantly before settling for some areas of support underneath. With the Federal Reserve looking to hike the interest rates even further in the months ahead, a bearish pressure will prevail over the gold markets in the longer term. Seeing a bullish pressure in the markets would be difficult for now. …Read More
Silver
The silver markets looked volatile yesterday but managed to find enough support underneath. In the longer term, the market might continue to move higher in the long term. But for now, with the U.S. dollar getting strengthened, the value of the precious metals markets is going down. Traders can opt for a short-term selling on the pair for now. …Read More
WTI Crude Oil
The crude oil markets dropped down initially before settling towards areas of resistance above. The oil markets look oversupplied for now and see a negative pressure. With the U.S. dollar strengthening, the Brent and Crude oil markets pose selling opportunities for the traders in the near term. …Read More
Natural Gas
Natural gas markets went higher yesterday before falling down significantly. The markets have turned out to very bearish with the oversupply being very strong and major power producers switching to coal instead of natural gas. Hence, this lack of demand for natural gas would put pressure on the prices of natural gas in the short term. …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.
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