Commodities Daily Forecast – October 2, 2018

Colin First
Technical Update For Gold, Silver & WTI Crude Oil: 12.01.2018
The container terminal at dusk


The gold market remained choppy through the Monday’s session as the $1195 level is strong resistance to the market. The gold market is likely to continue trade under pressure with next major support is at $1185 level. If it breaks further from here, then it is likely to reach down towards the $1175 level. Buying short-term pullbacks will continue to be a right strategy to play this market. …Read More


The silver prices rolled over during the Monday’s session reaching down to the $14.40 level, where it experienced a bit of support. The silver prices need to break and stay above the $14.80 level, in order to continue moving higher. The $14 level will continue to offer a strong support to the market and will also attract a lot of buyers around the region. …Read More

WTI Crude Oil

The crude oil prices rallied further during the yesterday’s session as it broke above the $74 level. The crude price is likely to continue reach towards the $75 level and above, as the current supply-demand equation is supporting the market. Occasional pullbacks will continue to offer a nice buying opportunity and overall attitude of the market should remain bullish. …Read More

Natural Gas

After the Friday’s fall, the natural gas prices rallied significantly during the Monday’s session reaching towards the $3.10 level. The market is expected to remain choppy as the region above is extremely resistive. The seasonality factor should also now kick in the market which will send the natural gas prices higher. A break above $3.10 level will send the market towards the $3.20 and $3.25 level. …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.