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Commodities Daily Forecast – July 12, 2017
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Gold The gold markets recovered yesterday on the back of some weakness in the dollar. Due to this, a lot of volatility was seen in the markets. If
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Gold
The gold markets recovered yesterday on the back of some weakness in the dollar. Due to this, a lot of volatility was seen in the markets. If Yellen’s speech on monetary policy turns out to be hawkish, then the market will take a turn and start with a huge sell-off. …Read More
Silver
The silver markets initially dropped down but managed to find enough support before rising higher. With FOMC Member Harker’s speech on the pause for interest rate hikes, a lot of support was seen for the precious metals markets. Overall, traders can expect a volatile market for now. …Read More
WTI Crude Oil
The crude oil markets continue to remain volatile like yesterday. Traders should pay close attention to the U.S Crude Oil Inventories report release later in the day. With a massive over supply of oil and a negative pressure prevailing, a lot of selling opportunities could be seen in the markets. …Read More
Natural Gas
The natural gas markets went higher and showed an uptrend like yesterday. This was due to the fact that this week would turn out to be the hottest in the United States. It would be best for traders to sit aside and keep a watch on how the market moves in a longer term. Overall, the market continues to be difficult to trade with. …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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