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Commodities Daily Forecast – June 29, 2017
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Gold Prices continued to consolidate during the course of the day as the action was all on the other instruments and the gold bulls and bears decided to
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Gold
Prices continued to consolidate during the course of the day as the action was all on the other instruments and the gold bulls and bears decided to take a rest. The weakness in the stock markets has helped to keep the prices buoyed but as the markets recover, we should see the gold prices come under pressure. …Read More
Silver
As usual, the prices follow what the gold prices do and as a result, we have been seeing the silver prices also recovering and trading steadily as they move towards $17. But they are likely to come under pressure in this region which should see it correcting in the short term. …Read More
WTI Crude Oil
The prices continued their recovery over the last 24 hours as they edged above $45 during the course of the day and continue to trade strongly as of this writing as well. This leads us to suspect whether the bottom is in. …Read More
Natural Gas
The prices continued to move higher, similar to that of the oil prices, and they have taken out the last swing higher. We have been saying that the bulls have begun to buy more and more in anticipation of further rise in the prices as the weather forecasts change for the upcoming months indicating higher demand. …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.
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