Commodities Daily Forecast – June 25, 2018

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Published: Jun 25, 2018, 08:20 UTC

Gold The gold market has been sideways through the Friday's session as the $1275 level continues to offer strong resistance. If the market breaks above

Gold

The gold market has been sideways through the Friday’s session as the $1275 level continues to offer strong resistance. If the market breaks above the $1275 level, then it is likely that market will move towards the $1285 and $1290 level. The market is expected to continue very noisy and will continue to attract sellers around its major resistance points. …Read More

Silver

The silver prices gained slightly during the Friday’s session as it was trying to build up enough momentum to move higher and break above $16.50 level. The silver in the long term continues to be bullish and a break above the $16.60 level will help this market to reach towards the $17 level. …Read More

WTI Crude Oil

The crude oil prices rallied significantly during the Friday’s session gaining over 4 per cent as the production increase from OPEC was less than anticipated. The market is likely to continue moving higher in the short term probably reaching towards the $70 level. The uptrend line continues to offer strong support to the market and has been tested multiple times in the past. …Read More

Natural Gas

The natural gas prices rolled over significantly during the yesterday’s session breaking below the $2.93 level, trying to reach towards the $2.90. The market above is massively resistive and the sell-off like this was expected. Rallies will continue to offer good selling opportunity in the market and will continue to move in a range bound manner between $2.75 and $3 level. …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.