Gold
The gold prices initially went lower during the Monday’s session but turned around to form a hammer like a pattern in the daily chart just below $1350 level. This is a strong resistance barrier for the market and if it clears above then the prices are likely to be north-bound initially reaching towards the $1360 level and then $1400 level in the long term. The $1340 and $1330 is a strong support line for the market and is unlikely to broken given the market conditions. …Read More
Silver
The silver prices dipped a bit lower during the Monday’s session but turned around to rally towards the $16.70 level and if it breaks above that level then it will reach towards the $17 level next. The US dollar has a major influence on this market and because it is going through a weak phase, the silver prices will, in general, continue to move higher. …Read More
WTI Crude Oil
The Crude-oil prices broke above the $66 level in yesterday’s session but as American get into work, they started selling which led to the formation of a negative candle. If it breaks below the $65 level in next few sessions, then it should reach towards the $63 level and then $60 level underneath. …Read More
Natural Gas
The Natural Gas prices were choppy throughout the Monday’s session as demand for natural gas continues to fall. Any rally in this market will attract sellers as the market is still under long-term bearish pressure. The $2.50 level is going to be the floor of this market and if this breaks below then will be a negative development. …Read More