FXEMPIRE
All

Commodities Daily Forecast – October 26, 2018

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

Gold

The gold overall continued to be noisy during the Thursday’s session but continued to remain positive. If it could break above the $1250 level, then long-term traders are likely to get involved and push the market towards the $1300 level. The market is trying to form a base around the level with 50 EMA is likely to offer strong support and will be a buy on dips market. …Read More

Silver

The silver market traded sideways in the yesterday’s session after rallying for past few sessions from the $14 level. The 50 EMA is offering strong support and the market is likely to target the $15 level next. The market will probably be on buy on dips strategy with $14.50 level underneath offering strong support. A break below this point could see market roll over towards the $14 level. …Read More

WTI Crude Oil

The crude prices initially rallied, reaching towards the $67.50 level in the yesterday’s session but then pulled back. There is also 50 EMA rollover happening and currently at 78.6% in Fibonacci scale, which overall indicates of a very weak sentiment. If the market breaks down below the $66 level, then it could reach towards the $63.50 level. …Read More

Natural Gas

The natural gas prices were extremely noisy during yesterday’s session due to the release of inventory numbers. The market seems to be in a comfortable area and in the short term it is likely to be in a back and forth momentum between the $3.10 and $3.25 level. With the rise in demand during the winters, natural gas prices are likely to move further higher possibly towards the $3.50 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
IMPORTANT DISCLAIMERS
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.
RISK DISCLAIMER
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.
FOLLOW US