Commodities Daily Forecast – September 10, 2018

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Published: Sep 10, 2018, 07:29 UTC

Gold The gold had a volatile session in the Friday's session due to the US job numbers that came out quite strong. With dollar gaining significant

Gold

The gold had a volatile session in the Friday’s session due to the US job numbers that came out quite strong. With dollar gaining significant strength, the gold market ahead is likely to face major issues going to higher levels. The next major support for the gold is placed at $1190 level and if it breaks down further from here, then it will be a negative situation. …Read More

Silver

The silver market was a bit noisy during the Friday’s session due to the US job numbers. The $14 level is still offering a strong support to the market and because of this, the market will find enough buyers to start rallying again. A break above $14.50 level will be positive for the market and will send the market towards the $15 level. …Read More

WTI Crude Oil

The crude oil prices broke down during the Friday’s session after the job numbers were published. But, eventually, this market will find buyers as higher job number indicated of more demand but it had to battle other concerns like the US-China trade relations, Iran sanction etc. The $70 level will be the ceiling of this market with $67 level underneath is the strong support zone. …Read More

Natural Gas

The Natural Gas prices went lower during the Friday’s session due to prevailing weak momentum in the market. The market is currently hovering around the $2.77 level and will continue to sell this market every time it rallies. The market will continue to be choppy and $2.70 level underneath will continue to offer massive support. …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.