Commodities Daily Forecast – June 23, 2017

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Updated: Jun 23, 2017, 07:21 UTC

Gold Gold prices rose through the day yesterday as the prices bounced after suffering a pounding over the course of the last few days. The prices are

Gold

Gold prices rose through the day yesterday as the prices bounced after suffering a pounding over the course of the last few days. The prices are expected to continue their recovery in the short term though this would be only a correction of the downtrend and not a change in trend as yet. …Read More

Silver

Silver prices have also made a move above $16.5 over the last 24 hours and continue to trade comfortably above that as the markets are in a slight risk off mode which has presented an opportunity for the investors to push their funds back into gold and silver. This is likely to benefit the silver prices in the short term. …Read More

WTI Crude Oil

The prices continued to flounder near the lows of the range though there was a slight recovery back towards the broken support. Unless the oil prices close above this broken support by the end of the day today, we could be looking at much lower prices in the coming weeks. …Read More

Natural Gas

The prices continued to whipsaw as it moved higher and then lower and then managed to close the day higher than the previous day. This has become the norm of late for the gas prices as various factors like production, inventory and weather forecast continue to push and pull the prices. …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.