Commodities Daily Forecast – October 4, 2018

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


The gold prices pulled back during the Wednesday’s session after rallying significantly in the previous session. The $1205 level is offering a bit for support to the market but given the strength in the USD, the gold prices can further correct. The $1195 level down is an important support level and could be a nice buying opportunity at that level. …Read More


The silver prices drifted lower during the Wednesday’s session as the overall forex and commodity market continued to trade under pressure. The $14.50 level underneath is a hard support for the market which is likely to attract enough buyers into the market. The $14.85 and $15 is likely to offer a bit of resistance to the silver prices going higher. Tracking the momentum of EUR/USD pair is likely to help to chart the next price levels for silver. …Read More

WTI Crude Oil

The crude oil prices remained sideways during the yesterday’s session and is also facing headwinds at the $75 level. The crude oil prices have rallied significantly in the last several sessions and is likely to experience a bit of pullback. The $72.50 level underneath is a strong support point which will attract enough buyers into the market to send the price higher. …Read More

Natural Gas

The bullish momentum in the natural gas prices continued through the Wednesday’s session as it broke above the $3.20 level to reach towards the $3.24 level. The market has rallied significantly in the past few sessions and is likely to experience a pullback. The $3.15 level underneath will be an important support level underneath which extends down to the $3.10 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.