Gold
The gold prices initially pulled back lower reaching towards the $1294 level but bounced back to recover some of its losses of the session. The market is facing significant resistance at the $1300 level and until it clears above the $1308 level, buyers are likely to avoid this market. …Read More
Silver
The silver market rallied a bit during the Monday’s session reaching towards the $16.90 level but got significant resistance and pulled back slightly. The $16.75 level underneath continues to offer strong support and pullbacks will continue to offer buying opportunity at lower levels. A break above $17 level will be very positive for the market. …Read More
WTI Crude Oil
The crude oil prices were stable through the Monday’s session as the $65 level offered a bit of support to the falling market. The bounce in the market is also a sign of stability in the market and if the market clears above the $66.25 level in the next few sessions, it is likely that the buyers will flock the market and will move higher rapidly towards the $68 level. …Read More
Natural Gas
The natural gas market continued to trade volatile and range bound in the Monday’s session after falling hard in the previous session. The $2.95 level has been massively resistive and will be very difficult for the market to cross above. The $2.84 level underneath continues to offer strong support that extends down to the $2.74 level. …Read More