Gold
The gold prices pulled back slightly during Tuesday’s trading session, as the uptrend line continued to offer strong resistance. The market is likely to struggle around this zone and until it clears above $1325 level, it will continue to witness selling. The 50 Day EMA which is near the $1300 level should offer strong support and a breach could possibly send the market towards $1275 level. …Read More
Silver
The silver prices around the $15.50 level witnessed a lot of selling pressure during yesterday’s session, showing signs of exhaustion. This is short term volatility is expected in the market and in the long run, supported by falling yields of US bonds and poor macroeconomic show from Europe will help the market to lift the silver prices higher towards the $16 level and above. …Read More
WTI Crude Oil
The crude oil prices reached higher during yesterday’s session but ran into resistance at the $60 level. This area is rather significant due to its structurally important level and also the 200 Day EMA is also offering support. Break above this level could send the crude prices much higher towards the $65 level, which is also supported by steady production cuts by OPEC extending till June. …Read More
Natural Gas
The Natural Gas prices fell slightly during yesterday’s session as the market continues to battle the selling pressure. There is a strong resistance for the natural gas prices starting from $2.80 level, extending up to the $3 level. The $2.60 level underneath is strong support and a break below could send the natural gas prices reaching towards the $2.50 level or possibly much lower. …Read More