Commodities Daily Forecast – October 15, 2018

Colin First
Crude Oil daily chart, March 14, 2018
Container Cargo freight ship with working crane bridge in shipyard.


The gold prices were sideways during the Friday’s session as the $1220 level offering a strong support. The market will eventually move higher. as the USD is witnessing some amount of weakness as the global market looks to stable out from the downtrend and also the US is witnessing slowing down in key economic data. The break above $1230 level, likely to send the price towards the $1250 level. …Read More


The silver market initially rallied during the Friday’s session but found $14.70 level too resistive to pull back slightly. The $14.50 level is offering a strong support and will also attract a number of buyers into this market. A break above $14.80 level will send the silver prices towards the $15 level and higher. …Read More

WTI Crude Oil

Off late, the crude oil prices have lost all the bullish momentum and on Friday’s session, it failed to break above the $72 level. The market is likely to test the $70 level underneath and if it breaks down further, then it would get negative. The current demand and supply equation will keep the market volatile and too much noisy. …Read More

Natural Gas

The natural gas market initially has broken below the $3.20 level but found enough support to rally higher again. The market will find plenty of buyers underneath especially near the $3.10 level which is offering a strong support to the market. If it breaks above the $3.20 level again, then it could reach towards the $3.25 level next. …Read More

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.