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Commodities Daily Forecast – June 30, 2017
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Gold Gold prices dropped towards support as the stock markets continued to fall and the euro also gets strengthened during the course of the day. The
Gold
Gold prices dropped towards support as the stock markets continued to fall and the euro also gets strengthened during the course of the day. The strength in the euro and the weakness in the dollar seems to be the only factors that seem to be holding up the gold prices for now. …Read More
Silver
The prices dropped lower during the course of the day and are likely to continue lower in the short term as the funds are being pulled out of gold and silver and invested into the euro and the pound in the hope of better returns. The silver prices are expected to weaken further during the short term and then $16 could come into the picture. …Read More
WTI Crude Oil
Oil prices took a break from the steady rise that it has been going through since the beginning of the week. The pair has risen more than 7% from its lows since the beginning of the week and we believe that there might be a slight correction which can be used as an opportunity to go long on oil. …Read More
Natural Gas
The gas prices continued to move higher and reached 4 month highs yesterday. We have been saying this for the past few days where we have been expecting this turn around in the prices as the weather changes and the inventory and the supplies begin to dry up across the US. …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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