Commodities Daily Forecast – June 26, 2017

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Published: Jun 26, 2017, 09:02 UTC

Gold The prices have reached their important target of 1260 on the upside and as mentioned, this was only a bounce and a correction of the downtrend

Gold

The prices have reached their important target of 1260 on the upside and as mentioned, this was only a bounce and a correction of the downtrend rather than any change in trend. The downtrend has since resumed and as of this writing the prices have fallen below 1250 and if the previous support at 1240 is broken, then the prices should fall to 1220. …Read More

Silver

Silver prices have a tendency to follow the gold prices and hence they also made their way higher as the gold prices bounced but have since turned out as they have been met with a lot of selling. The next leg of the downtrend has resumed and this should take the prices towards $16. …Read More

WTI Crude Oil

Oil prices continue to trade weakly and the expected bounce has not yet arrived on the oil prices. The issues in the Middle East continue to simmer underneath and an escalation of that issue could have a huge bearing on the oil prices and help to push it higher. …Read More

Natural Gas

The prices have moved higher since the open today as the weather data and the rig count has been favorable to the gas prices. The rig count has fallen and this has helped to push the gas prices higher and this could signal the beginning of the reversal in 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.