Advertisement
Advertisement
Commodities Daily Forecast – July 25, 2018
By:
Gold The gold prices initially drifted a bit lower in the Tuesday's session but found enough support around the $1220 level to start rallying again. The
Gold
The gold prices initially drifted a bit lower in the Tuesday’s session but found enough support around the $1220 level to start rallying again. The market has multiple resistance levels ahead and needs to clear above in order to break the bearish sentiment. The $1228 level, $1240 level above will continue to offer strong resistance to the market. …Read More
Silver
The silver market was initially sideways but then started rallying to reach towards the $15.50 level. The $15.30 level underneath continue to offer short-term support to the market and it is expected that the market will continue to experience more bullish momentum than bearish. …Read More
WTI Crude Oil
The crude oil prices moved very little during the yesterday’s session hovering around the $68 level as it continues to find momentum. It is expected that in the short to medium term, the market will continue to be under pressure as due to increasing supplies. The $70 level is acting as a ceiling of the market and $65 level underneath continues to offer strong support. …Read More
Natural Gas
The Natural Gas prices were slightly positive during the yesterday’s session but overall it continues to be weak and bearish. In the short to medium term, the market is likely to roll down further breaking below the $2.70 level and probably goes down to the $2.60 level. Rallies will continue to offer a nice selling opportunity in the market. …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.
Advertisement