Commodities Daily Forecast – July 4, 2017

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Published: Jul 4, 2017, 07:48 UTC

Gold The gold markets dropped down significantly due to the rise in the US bond yields and equity market. If there is a continuous increase in the stock

Gold

The gold markets dropped down significantly due to the rise in the US bond yields and equity market. If there is a continuous increase in the stock prices, then there will be a drop in the gold markets. The gradual strengthening of the US dollar will have an impact on the gold markets. Traders can watch out for a bearish market in the times ahead. …Read More

Silver

A large drop could be seen for the silver markets yesterday. The recovery of the US dollar has worked against the price and value of other precious metals. If the dollar continues to strengthen, it will have a serious impact on the silver markets and turn it to the downside. With silver being more volatile than gold, traders should pay close attention to the US dollar. …Read More

WTI Crude Oil

The crude oil markets went back and forth initially before moving higher during the day. In the long term, the market is expected to show an uptrend due to the Middle East Crisis. With the US Independence Day celebrations going on, traders can expect a limited reaction from the oil markets in the day. …Read More

Natural Gas

Natural gas markets remained volatile and dropped down to lower levels yesterday. However, a sharp rise was seen during the US session showing the demand that is available. Trading is expected to be limited today as we have a holiday in the U.S. due to Independence Day celebrations. …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.