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Commodities Daily Forecast – September 5, 2017
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Gold The gold market was significantly strengthened during the Monday's session. The market gapped higher on the start of the session and found buyers
Gold
The gold market was significantly strengthened during the Monday’s session. The market gapped higher on the start of the session and found buyers every time it dipped. The market crossed the $1330 level during the day and is targeting for the next major psychological level, at the $1350 level. Looking forward, the market is going to attract significant attention from buyers as it is considered as safe haven for traders. …Read More
Silver
The silver prices went higher following the North Koreans testing the H-Bomb on Sunday. All the precious metal counter are witnessing a run up in prices following the event. The market is up for the next target of $18 and any pullback in the market will be a good buying opportunity if it stays above the $17.50 level. …Read More
WTI Crude Oil
The market started on a weak note on Monday but as the day progressed it regained strength to cross the $47.50 level. It is important for the traders to keep an eye on the market as refiners in hurricane hit Texas region are opening up fast. This will bring some amount of volatility in the market and break down below $47 mark will be the negative point for the market. …Read More
Natural Gas
The Natural Gas prices gapped lower on Monday’s session but found support near the crucial $3 level. Yesterday’s movement suggesting that the sellers are preparing to enter this market at the current level and break below the $3 level will push this market lower. It will be difficult for the market to sustain $3 zone for a long time and will ultimately give in due to weak fundamentals. …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.
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