Commodities Daily Forecast – September 3, 2018

By:

Published: Sep 3, 2018, 10:43 UTC

Gold The $1225 region continues to offer a strong resistance to the market and going forward, the gold prices will continue to see a lot of volatility. In

Gold

The $1225 region continues to offer a strong resistance to the market and going forward, the gold prices will continue to see a lot of volatility. In the Friday’s session, the gold prices drifted lower reaching down to the $1206 level, however, if this market turns around and breaks above the $1215 level, then it will go much higher. The $1190 level underneath will continue to offer strong support to the market. …Read More

Silver

The silver market was noisy through the Friday’s session bouncing above the $14.50 level. The precious metal counter continues to be negative and is highly sensitive to the dollar strength. Going forward, the $14.50 level underneath will continue to offer strong support and if it breaks below this level, then it will lead to next lower level around the $14 level. …Read More

WTI Crude Oil

The crude oil prices were choppy through the Friday’s session as the $70 level continued to offer strong resistance. The market in the short term is expected to remain noisy and will trade around this region. The $69.50 level underneath will offer slight support to the market, while $70.50 level above will be very resistive. …Read More

Natural Gas

The Natural Gas market regained bullish momentum during the Friday’s session as it broke above the $2.90 level. Going forward, the market is expected to face a strong resistance around the $2.95 level and $3 level, from where the market has reversed its earlier bullish rally. With lack of strong fundamentals, this market will continue to be a nice sell on rallies market. …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.