Gold
The gold prices initially tried to rally but gave back its gains as the fear returned in the market based on the tariffs levied on steel and aluminium imported into the US. This has raised the fears of trade war which will make the global market much more and overall gold will continue to rise probably due to risk-off types of trades. Next major resistance for the gold market will be around at $1340 and $1350 eventually and breakout there could send this market much higher. …Read More
Silver
The silver prices were initially trading sideways hovering around the $16.40 level in the Friday’s session but exploded higher as the Americans came on-board. The move in the market is specifically due to the overall continued weakness in the dollar and also due to the possible trade war emerging out of the US. The market has plenty of support underneath and in the long-term, silver will continue to rise towards the $18 and 20 levels. …Read More
WTI Crude Oil
The crude oil prices fell significantly during the Friday’s session reaching towards $60 level due to a potential trade war coming out of the US. Rallies are selling opportunities in this market and a breakdown there could send this market much lower towards the $55 level. The market will continue to be noisy and will trade with negative proclivity. …Read More
Natural Gas
The natural gas prices went back and forth during the Friday’s session bouncing between the $2.74 and $2.7 level. The market is trading in a tight range and a break above this level could send this market towards the $3 level where sellers will like to get involved. Weak fundamentals and fears of a trade war from the US will keep this market under pressure. …Read More