Commodities Daily Forecast – October 2, 2017

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Updated: Oct 2, 2017, 08:55 UTC

Gold Gold continues to move lower as a combination of lesser risk around the world and strong and rising stock markets have been helping the funds to move

Gold

Gold continues to move lower as a combination of lesser risk around the world and strong and rising stock markets have been helping the funds to move out of safe havens like gold and silver. Looking at the overall picture, we are likely entering into a large cycle of prolonged gold weakening. …Read More

Silver

Silver prices have also been moving lower and like gold, the prices have been moving lower due to more investment in the stock markets. This is likely to continue in the short and medium term as well. …Read More

WTI Crude Oil

The oil prices have been holding steady over the last few days as there is a battle going on between the bulls and bears for control. The bulls are clearly in control but the fact that the prices are near some strong resistance region is preventing further upmove in the oil prices for now. …Read More

Natural Gas

The gas prices are expected to trade in a consolidative manner within a tight range over the next few days. The weather is expected to stay stable and the high production levels in the US are likely to keep the gas prices under control 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.