Commodities Daily Forecast – November 27, 2018

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Published: Nov 27, 2018, 09:58 UTC

Gold The gold prices moved very little during the Monday's session, hovering around the $1225 level. The market is likely to consolidate further around

Gold

The gold prices moved very little during the Monday’s session, hovering around the $1225 level. The market is likely to consolidate further around this range between the $1200 and $1225 level. Also, the market is experiencing too much noise around the 50 Day EMA. If the market breaks above the $1230 level, then it could easily reach towards the $1250 level. …Read More

Silver

The silver market tried rallying higher during the Monday’s session but found too much of resistance above underneath the $14.50 level. The market is highly influenced by the USD and as it is gaining strength, the silver market is likely to continue trading under pressure. Also, the 50 Day EMA line is offering a strong resistance to the silver prices. …Read More

WTI Crude Oil

The crude oil prices gained a bit during yesterday’s session after the Friday’s massive drop in crude prices. The $50 has offered crucial support to the crude prices which is also a psychologically important figure. If the market breaks above the $52.50 level in the next few sessions, then it can reach towards the $55 level first and then towards the $57.50 level. …Read More

Natural Gas

The natural gas market gapped lower to kick off the week, reaching as low as $4.03 level. The move was expected for a very long time in the market as the natural gas prices have rallied higher significantly in the past few sessions. The market will continue to be volatile and the $4 level underneath should offer a bit of support to the market. …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.