Commodities Daily Forecast – June 28, 2017

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Published: Jun 28, 2017, 08:30 UTC

Gold Gold prices spent the day in a form of consolidation which should come as a surprise to the bulls who would have expected the prices to move up very

Gold

Gold prices spent the day in a form of consolidation which should come as a surprise to the bulls who would have expected the prices to move up very strongly on the back of some dollar weakness that we have been seeing over the last 24 hours. We have also seen the stock markets fall during this period but this does not seem to have affected the gold prices much so far. …Read More

Silver

Prices rose again yesterday on the back of some dollar weakness and also weakness in the stock markets. Also, the silver prices were buoyed by the rise in the gold prices as well which helped the silver prices to target $17 in the short term. …Read More

WTI Crude Oil

Prices continued their recovery during the course of the day yesterday as they moved above $44 and it seems that the bottom has been set for the oil prices for now. All eyes will now be watching the inventory data from the US late today to see if it can support the oil prices by showing up a drop in inventory. …Read More

Natural Gas

The prices continued to move higher as the market begins to prepare itself for the upcoming season. It is clear that the gas prices are highly dependent on the seasonal weather variations and with that in mind, it is important for the traders to begin to drop their sells in anticipation of higher prices in the short term. …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.