Commodities Daily Forecast – October 19, 2017

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Updated: Oct 19, 2017, 08:51 GMT+00:00

Gold Gold prices have been moving lower on the back of dollar strength and also due to the larger reasons of the global market bull run. We expect this

Gold

Gold prices have been moving lower on the back of dollar strength and also due to the larger reasons of the global market bull run. We expect this bull run in the stock market to continue for the short and medium term which is likely to keep the gold prices under pressure. …Read More

Silver

Silver prices have been following the gold prices in moving lower and this is likely to continue in the short term. The funds are moving into the interest rates, bonds and stock markets and this is leading to a situation where more and more funds are getting out of the gold and silver market and that is why they have been moving lower. …Read More

WTI Crude Oil

Oil prices have been holding steady above the $52 region and the bull run in the oil market is still intact for the short and medium term. The bulls would draw strength from the fact that the oil prices have not been dropping and they continue to trade near the highs of its range. …Read More

Natural Gas

The gas prices continue to be driven by the short term outlook of the weather and that is why we are seeing some choppy trading in the gas market with the prices moving higher and then lower over the last 24 hours. This choppy trading is expected to continue in the short term. …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.