Commodities Daily Forecast – September 25, 2018

By:

Published: Sep 25, 2018, 07:45 UTC

Gold The gold prices inched higher during the Monday's session as it broke above the slightly resistive $1205 level. There is unlikely to be any big

Commodities Daily Forecast – September 25, 2018

Gold

The gold prices inched higher during the Monday’s session as it broke above the slightly resistive $1205 level. There is unlikely to be any big swings in the market and will continue to trade between the $1195 and $1215 level. With no signs of improvement in the Sino-US trade relations, gold prices are likely to continue trade under pressure. …Read More

Silver

The silver market had a strong start to the week as the silver prices reached towards the $14.45 level before pulling down a bit slightly. It is likely that the $14.50 level is going to be massively resistive and will struggle a bit around there. The $14.30 level and $14.20 level underneath are the strong support points of the market. …Read More

WTI Crude Oil

The crude oil prices broke above the important $72 mark in the yesterday’s session as OPEC ministers ruled out the possibility of increasing production on the backdrop of decreasing Iranian supply. The market is expected to be a lot more volatile and if the crude prices break above the $73 level, then it can easily reach towards the $75 level. …Read More

Natural Gas

The natural gas prices exploded higher during the yesterday’s session breaking above the massively resistive $3 level. The market is still continuing to show strength and sellers will be refraining from this market at this point. The $3.10 level above is another resistance point and if it breaks above then it can easily reach towards the $3.20 level and above. Watch for any signs of exhaustion in the market as it will mark the entry points for sellers. …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.