Commodities Daily Forecast – November 3, 2017

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Published: Nov 3, 2017, 08:23 UTC

Gold Gold prices were choppy for most of the day yesterday as the events in the US and the UK seemed to have little impact on the gold markets. Like most

Gold

Gold prices were choppy for most of the day yesterday as the events in the US and the UK seemed to have little impact on the gold markets. Like most of the other instruments, the gold prices also seem to be looking forward to the NFP later in the day today. …Read More

Silver

Silver prices have been trading on either side of $17 over the past few days as they consolidate and prepare themselves for the next short term move. The direction for this short term move is likely to come today in the form of employment data from the US which should determine whether there would be a rate hike in the US in December or not. …Read More

WTI Crude Oil

Crude oil prices continue to consolidate after having achieved their medium term target of $55. This consolidation and ranging is likely to continue for the short term but that does not mean that the bull run is over in this market just yet. …Read More

Natural Gas

The gas prices moved lower during the early half of the day yesterday only to recover all their losses during the second half of the day as the demand is likely to pick up in the short term as we enter into the winter season. The gas prices rise during this season and the traders seem to be positioning themselves in anticipation of the run. …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.