Commodities Daily Forecast – October 20, 2017

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Published: Oct 20, 2017, 09:08 UTC

Gold Gold prices chopped around during the course of last 24 hours as the prices rose above 1280 on the back of some weakness in the dollar and the stock

Gold

Gold prices chopped around during the course of last 24 hours as the prices rose above 1280 on the back of some weakness in the dollar and the stock markets as well. The gold prices have since dropped late night and in the morning as well due to the strength in the dollar on the back of passage of the tax reform bill. …Read More

Silver

Silver prices also moved lower during the course of trading late night and this morning due to the strength in the dollar. They seem to be following the price action of gold prices and are hence likely to remain weak in the short term. …Read More

WTI Crude Oil

Oil prices have also moved slightly lower through the $52 region but they continue to remain well bid and the prices continue to look up. Any correction in the oil prices can be viewed as an opportunity to go long on them for the next leg higher. …Read More

Natural Gas

The gas prices moved lower during the course of the first half of the day yesterday on the back of some bearish weather outlook but they then recovered during the second half of the day. The upcoming outlook for the prices is likely to be better as the incoming weather reports begin to support the prices. …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.