Gold
The Gold market continued to be very noisy during the yesterday’s session, trying to break above the $1305 level. The market could see a lot of support underneath and will attract a lot of buying interest. In the short-term, the market should continue to reach towards the $1325 level. Buying on dips will continue to be the right strategy for this market now. …Read More
Silver
The silver market continued to remain volatile and broke below a minor uptrend line on the hourly chart. The market will continue to be on buy on dips strategy and $16 will be the floor of this market. The $16.50 and $16.60 levels are important level in the chart and once it breaks above that line, $17 level will be the next target. …Read More
WTI Crude Oil
The crude oil market was noisy and witnessed slight buying pressure. The uptrend line which is around the $66 level should continue to offer a strong support line and is unlikely to break the line. If the market breaks below the $66 level, further selling will come into the market. …Read More
Natural Gas
The natural gas price broke down significantly during the yesterday slicing through the $2.90 level, reversing the entire upside momentum. The market should continue to go lower towards the $2.80 level and the $2.76 level will offer strong support in the market. Yesterday’s fall has completely changed the attitude of the market and will continue to be bearish. …Read More