Gold
The gold market is testing the $1300 level for support and is able to hold it quite easily. If it breaks down from here, then it should reach down towards the $1275 level. The Friday’s job number data from the US will have a significant impact and strong number will translate into further weakness. …Read More
Silver
The silver market rallied significantly during the Wednesday’s session using the $16 as support. The market is now trading around the $16.40 level and if this momentum sustains, it can break above the $16.60 level which is its next resistance level. The $16 level will continue to offer strong support and also the floor of this market. …Read More
WTI Crude Oil
The crude oil prices fell during the yesterday’s session and reached the $67 level, the area which is massively supportive. If it breaks down this area, then the next target for the market will be $66 and $65 level eventually. The market is lacking bullish momentum from the last few sessions which is sending this market much lower. …Read More
Natural Gas
The natural gas broke below during the yesterday’s session reaching towards the $2.73 level. This market will continue to face strong resistance around the $2.8 and $3 level which and is also attracting sellers around the region. In the long term, this market looks comfortable around the $2.60 and $2.80 level unless there is any significant change in the fundamentals, the market will not go much higher. …Read More