Commodities Daily Forecast – May 25, 2018

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Published: May 25, 2018, 09:15 UTC

Gold The Gold market was extremely bullish during the yesterday's session breaking above the $1300 level and the vital $1305 level. The move indicates

Gold

The Gold market was extremely bullish during the yesterday’s session breaking above the $1300 level and the vital $1305 level. The move indicates strong bullish sentiment in the market that will help the market to reclaim the important $1325 level. The $1300 level underneath will now offer strong support to the market. …Read More

Silver

The silver prices rallied significantly during the yesterday’s session reaching the important $16.60 level. Breaking above this level will be vital for the market that will send the market towards the $17 level and above. The short-term pullback will continue to offer value in the market with an important support at $16.50 level underneath. …Read More

WTI Crude Oil

The crude oil market fell during the yesterday’s session reaching down to the $70.50 level which offered strong support in the market. The support in the market extends up to the $70 level, an important region that will help to attract buyers into the market. The market should bounce from here and is likely to reach towards the $72 and $73 level. …Read More

Natural Gas

The natural gas prices were quite stable during the yesterday’s session hanging around the $2.92 level, an important support level also. The $3 level above is strong resistance point and will be difficult for the market to cross above. If the market breaks below the $2.88 level, it will continue to reach down to the $2.80 level. …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.