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Commodities Daily Forecast – July 7, 2017
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Gold Gold prices are under pressure as the ECB made its intent of tapering very clear and this has placed the lid on the gold prices for now. The euro has
Gold
Gold prices are under pressure as the ECB made its intent of tapering very clear and this has placed the lid on the gold prices for now. The euro has been moving higher and with currencies providing better yields, we are seeing the funds moving there and that is the reason for the fall in the gold prices despite dollar weakness. …Read More
Silver
Silver prices had its share of the flash crash as the prices fell by around $2 within a matter of minutes in early morning trading under low liquidity. Most of the crash has been recovered but that has not changed the bearish bias in the prices as silver fell below $16. …Read More
WTI Crude Oil
Prices continued to fall yesterday on supply and inventory concerns and this has placed the bulls on the backfoot. Though the prices have some strong support nearby, it is important for the bulls to make a stand now else we could see the oil prices crashing to new lows in the short term. …Read More
Natural Gas
The prices have been choppy over the last couple of days and that is the kind of action that is expected in the short term as the bulls struggle to string together a decent amount of bullishness to pull the gas prices out of the rut that it is in. …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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