Commodities Daily Forecast – June 27, 2018

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Published: Jun 27, 2018, 08:36 UTC

Gold The gold prices continued to trade weak during the Tuesday's session reaching down towards the $1255 level. The market is near its one of the

Gold

The gold prices continued to trade weak during the Tuesday’s session reaching down towards the $1255 level. The market is near its one of the important support level i.e $1250 level and is likely to test that area. The market is battling with a lot of negative headlines from the past few session which is directly influencing this market. Keep an eye on the performance of major currency pairs to gauge the future performance of this market. …Read More

Silver

The silver prices initially dropped a little during the yesterday’s session but found enough buying pressure to bounce higher. The silver prices are currently trading around the $16.20 area, which has multiple support and resistance level with $16 level acting as a floor of this market. Short-term dips will continue to offer a good buying opportunity in the market. …Read More

WTI Crude Oil

The crude oil market continued to move higher during the Tuesday’s session reaching as high as $69 level. A break above could send this market towards the $70 area, which is an important level in the long-term chart. The $68 level underneath will offer strong support to this market. …Read More

Natural Gas

The natural gas prices drifted slightly lower during the Tuesday’s session losing around 0.5 %. The long-term view of the market is still bearish as there no significant improvement in the fundamentals. If this market breaks down below the $2.88 level, then the market could drift towards the $2.88 level or even $2.75 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.