Gold
The weakness in the gold prices continued through the Wednesday’s session as it is struggling against the dollar. The gold market has significant support underneath at multiple levels around $1275 level and $1260 level. The short-term outlook of the market continues to remain weak and if market succeeds to break above the $1300 level then it will be positive for the market. …Read More
Silver
The market went back and forth during the yesterday’s session showing signs of stability after massive sell-off on Tuesday. The $16 level underneath is a massive support underneath and also important in the long-term chart. If silver prices break below this level, then the market is going to unwind more rapidly possibly towards the $15.50 level and $15 level. …Read More
WTI Crude Oil
The crude oil prices went sideways through the Wednesday’s session as the market consolidated around the $71 level. The $70 level underneath continues to be a strong support zone and $72 level on the top is significantly resistive. Short-term pullbacks like this will continue to be a good buying opportunity. …Read More
Natural Gas
The natural gas market had a volatile session during the Wednesday’s session, initially tried to rally but due to strong resistance above the market fell near the $2.80 level. The market is in consolidation phase around the region and is trying to build enough momentum to break higher after making new highs. The $3 level is acting as a ceiling of this market and will be very difficult for the market to cross above. …Read More
