Commodities Daily Forecast – July 18, 2017

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Updated: Jul 18, 2017, 09:13 UTC

Gold Due to the dollar’s weakening performance across the board, the gold prices began to recover gradually. Even though the price did not move higher in

Gold

Due to the dollar’s weakening performance across the board, the gold prices began to recover gradually. Even though the price did not move higher in one shot, the pace of recovery has been steady. A lot of choppiness can be seen at present in the markets with huge selling opportunities. …Read More

Silver

The silver markets went back and forth yesterday before settling for some areas of support. The market remains confused at this point with the traders being doubtful over the oscillating value of the silver prices. Due to the U.S. dollar weakening, an upward bullish trend can be expected in the precious metals markets. …Read More

WTI Crude Oil

The crude oil market rolled over before settling for some areas of support underneath. In the longer term, the markets may go higher and indicate massive resistance areas. Within some time, traders can expect a some sell-off in the markets due to the oversupply of crude oil markets. …Read More

Natural Gas

The natural gas markets rallied yesterday and have moved on higher, indicating areas of resistance. The oversupply of natural gas continues to remain as a problem in the markets and due to this, there could be a selling pressure on the pair. Since this market goes up in short intervals, it is best to watch the price movement in the longer 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.