Gold
The gold prices broke down significantly and have sliced through $1300 level, showing signs of weakness after the release of ISM Manufacturing PMI numbers. The market has strong support underneath which all extends down to the $1275 level and if it could turnaround the break above the $1325 level in next few session, it will be extremely bullish. …Read More
Silver
The silver prices pulled back significantly during Friday’s session, breaking the much supportive $15.50 level and reaching down to the $15.20 level. The market has also breached the 200 Day EMA and because of this, the market is going to struggle. The $15 level is massively supportive and a breach could send the market towards the $14.50 level. …Read More
WTI Crude Oil
The crude oil prices hammered during Friday’s session, falling towards the $56 level but there is strong support at the $55 level. Also, the 50 Day EMA underneath should offer strong support to the market. With the fall in crude inventory, the market is likely to witness buying, reaching up to the $60 level above, which is a resistance level. If it breaks the supportive $55 handle, then crude prices could break down towards $50 level. …Read More
Natural Gas
The Natural Gas prices inched higher a little during Friday’s session, reaching towards the $2.85 level. The market has a lot of resistance above and is likely to witness pullbacks from here. The 50 Day EMA sits right above, and likely to attract more sellers into the market. The $2.6 level underneath should offer strong support and will continue to experience selling pressure on every rally. …Read More