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Commodities Daily Forecast – September 7, 2017
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Gold Gold prices continued to consolidate for the second day yesterday as the global risks and tensions continue to abound and continue to simmer without
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Gold
Gold prices continued to consolidate for the second day yesterday as the global risks and tensions continue to abound and continue to simmer without blowing up as yet. This has been lending support to the gold prices which continue to remain near the highs of its range. …Read More
Silver
Silver usually follows the template of gold and yesterday was no different as the prices continued to consolidate near the highs of the range as the geopolitical situation is being watched closely by the markets and this could lead to a flight to safety if and when it escalates. …Read More
WTI Crude Oil
The oil prices continued to remain high as the demand comes back to normal but the new Hurricane Irma that is battering the US could again lead to a disruption in the demand and hence we could see some consolidation in the oil prices just short of the $50 region. …Read More
Natural Gas
The prices moved higher during the course of the day yesterday as the concerns over the destruction caused by Hurricane Irma seemed to influence the markets. There would also be a requirement for more heating in the coming days to counter the weather changes and this is likely to affect the demand. …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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