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.


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


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

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