Commodities Daily Forecast – June 26, 2018

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Published: Jun 26, 2018, 07:21 UTC

Gold The gold prices were stable through the Monday's session as momentum in the market was lagging. The global market continues to pay a lot of attention

Gold

The gold prices were stable through the Monday’s session as momentum in the market was lagging. The global market continues to pay a lot of attention to global trade wars situation which will have a direct impact on the gold prices. Until it crosses above the $1275 level, the gold prices will continue to trade weak and break down below $1260 level will send this market towards the $1250 level. …Read More

Silver

The silver market is facing a lot of issues in breaking above the $16.50 level as it has turned too resistive. The market yesterday pulled back to the $16.30 level and moved sideways. Until the market breaks above the $16.60 level, it will continue to trade weak and a break below $16.30 level will send the market towards the $16 level, which is its next important support level. …Read More

WTI Crude Oil

The crude oil prices traded weak during the Monday’s session as the area around has turned too resistive. The $70 level on the top is massively resistive and will need significant momentum to break higher. The market is expected to continue noisy on the back of the increase of production from the OPEC and other nations. The $65 level underneath continues to offer strong support level underneath. …Read More

Natural Gas

The natural gas prices drifted lower during the Monday’s session reaching towards the $2.90 level. Given the weak momentum in the market, the natural gas prices are expected to continue drifting lower reaching towards the $2.75 level. The $3 level is the ceiling in the market and the rallies will continue to be a good selling opportunity. …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.