Gold
The gold market was initially sideways but gained enough momentum later in the session to break above the $1300 level. The market is experiencing strong buying at the lower level which is helping the market to reach higher. A break above $1315 and $1325 level would be extremely bullish and send the market towards the $1350 level. …Read More
Silver
The silver market initially pulled back but found enough buying interest underneath to send the market higher. The market is experiencing a lot of volatility but $15 level underneath will continue to offer strong support to the market. A break above $15.50 level would be extremely positive and could send the silver prices to reach much higher towards the $16 level and much higher. …Read More
WTI Crude Oil
The crude oil prices inched higher during yesterday’s session towards the $60 level, as it is trying to break above the 200 Day EMA slope. The market is witnessing a lot of momentum, and a daily close above 200 Day EMA and $60 level would send the crude oil prices towards $65 level. Underneath, 50 Day EMA slope is offering strong support to the market. …Read More
Natural Gas
The Natural Gas market made a bullish start for the week, gaining roughly by 4 cents. However, the market has strong resistance above which extends up to the $3 level, which will be a bit difficult for the market break above given the weak fundamental structure. Any sign of exhaustion in the market will attract the sellers back into the market. …Read More