Commodities Daily Forecast – July 25, 2017

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Published: Jul 25, 2017, 08:27 UTC

Gold The market is trying to go higher in every trading session. The market fell initially but found enough support around the $1250 level and turned

Momentum above $49.50 seems to Boost the Commodity

Gold

The market is trying to go higher in every trading session. The market fell initially but found enough support around the $1250 level and turned around to break above the $1255 level. Dips should be considered a good opportunity to buy into the market as trouble in the dollar will continue for some time now. …Read More

Silver

The silver prices continued its bounce around the $16.50 region in yesterday’s trade.The market looks very bullish and $17 is the next target that the market is eyeing for. Precious metal counters will continue to be bullish in this market where uncertainty in US economy, weak dollar, Brexit exists. …Read More

WTI Crude Oil

The speculation of cutting back on production helped the crude prices to rally. We may see prices to hit the $47 mark but over the long term market looks negative and will trade around $45 level. Cut in the production by Saudi’s will not have any major effect as the loss will be making up for the increase in production from the US. …Read More

Natural Gas

The market staged a gap down opening but was able to rally past the previous day close. The $3 level will be a very good resistance. Oversupply in the market will continue to be there and the best way is to short the market whenever rallies occur. The $2.85 and then $2.75 will be the target zone for the natural gas prices. …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.