Commodities Daily Forecast – September 25, 2017

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Updated: Sep 25, 2017, 09:12 UTC

Gold The gold prices looked a bit stable during the Friday's session as it tried to rally above $1300 level but in absence of strong momentum, it failed

Gold

The gold prices looked a bit stable during the Friday’s session as it tried to rally above $1300 level but in absence of strong momentum, it failed to break above. The market is expected to be in the range of $1290 to $1300 in coming sessions. If the market clears above the $1302 level, then fresh buying will follow into to the market and if it breaks below then the first support point for the market will be $1275. …Read More

Silver

The market initially tried to rally in the Friday’s session, but the level above $17 is bit resistive to cross over. In longer term charts, the market has built a strong support zone near the $16 level. Overall, the market will be quite weak and range bound. The hawkish view from the Federal Reserve has been very negative for the market will provide significant pressure to go lower. …Read More

WTI Crude Oil

The crude market was extremely volatile during the Friday’s session hovering around the $50 level. This level will be the strong support for the market and break above the $51 level will be very bullish sign for the market. Buying in dips above $50 level will be the good strategy to play this market with a target of $52.50 level. …Read More

Natural Gas

The natural gas prices went sideways during most part of the session on Friday finding support near the $2.94 level. Friday’s session indicated the pair might retest the $3 level but the strong selling pressure may force it down towards the $2.85 level. The Strong Build up of inventory despite the Hurricanes is pulling the market downwards. Sell on rallies will be the good strategy to play this market going ahead. …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.