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Commodities Daily Forecast – July 3, 2017
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Gold Gold markets dropped down and the pair remained bearish, showing some signs of support at the lower levels. In the long term, the pair might go
Gold
Gold markets dropped down and the pair remained bearish, showing some signs of support at the lower levels. In the long term, the pair might go higher once it is able to find some strong support. The CFTC data release indicates that the money managers are taking money out of gold markets and pushing it into better yielding markets. …Read More
Silver
Silver markets went back and forth before settling for some support underneath. Despite the market looking volatile with a lot of choppiness, the pair will remain steady for some time and shows massive areas of support. Overall, the pair looks positive in the longer term and might go higher, indicating an uptrend. …Read More
WTI Crude Oil
The crude oil prices surged higher last week and the market rallied further, indicating areas of resistance. With the dollar’s weakening performance last week, the crude oil prices caught the market’s attention and moved higher. Traders should watch out for the US data releases in the day which will likely have an impact on the oil prices. …Read More
Natural Gas
The natural gas markets went back and forth last week and went down below expectations. The market slowly shifted to the downside and continued to be very negative. Although some resistance was seen earlier, in the longer term, massive support areas can be found and we can expect a huge sell-off for the natural gas markets if the support regions give way. …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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