Commodities Daily Forecast – July 11, 2018

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

Gold

The gold market wiped out the entire gain during the yesterday’s session reaching down towards the $1250 level, an important support level but bounced higher from there. The market from here is likely to attract buyers and push further higher. In the short term, the gold prices are likely to be more volatile and if it breaks the lows of the day, then this market is looking towards the $1240 level or even lower. …Read More

Silver

The silver market was extremely choppy during the yesterday’s session initially breaking lower towards the $15.90 level but bounced higher enough to reach towards the $16 level. If the market breaks above the $16.15 level, then it is a good sign for the market and will attract more buyers into the market. The $15.50 level underneath will continue to offer strong support that extends down to $15 level. …Read More

WTI Crude Oil

The crude oil prices were in an upside momentum during the yesterday’s session trying to move higher towards the $75 level and above. If it crosses above this level, then the market will try to reach towards the $77.50 level but will require strong momentum to reach there. The $72.50 level underneath will offer strong support to the market and is also acting as a floor. …Read More

Natural Gas

The natural gas market further dropped during the yesterday’s session reaching down to $2.80 level underneath which is an important support level. The market is likely to break further from here going down towards the $2.70 level, even possibly $2.60 level. Short-term rallies in the market will continue to offer selling opportunity in the market. …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
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