Commodities Daily Forecast – May 22, 2017

By:

Published: May 22, 2017, 08:39 UTC

Gold The prices did not move much as the settling of the global fears and risks led to a situation of low volatility in the gold prices due to lack of

Gold

The prices did not move much as the settling of the global fears and risks led to a situation of low volatility in the gold prices due to lack of much interest from the buyers. The prices also did have a bearish closure to the day on Friday and this probably points to further losses in the short term. …Read More

Silver

The prices did have a bullish session on Friday as the prices crossed the $17 hurdle for a brief while before correcting back into the range. There is a lot of support below which points to a situation where the silver prices could go in for a bullish run but the gold prices could turn out to be an albatross around the neck for silver. …Read More

WTI Crude Oil

The prices have been shooting higher over the last few days and they have received a further boost over the weekend on talks of a much deeper production cut to be announced by the OPEC and lasting for a much longer time than what the markets expect. This is being priced into the oil prices for now and this is likely to keep it buoyed in the short term. …Read More

Natural Gas

The prices are trading higher in the morning session of the new week on the hopes that the cooler weather is likely to return soon. This could boost the demand in the near future as the need for heating increases and this in turn is likely to increase the prices in the short term. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.