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Commodities Daily Forecast – September 8, 2017
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Gold The gold market continued its rally during the Thursday' session breaking above the $1340 level. The prevailing upside momentum in the market is very
Gold
The gold market continued its rally during the Thursday’ session breaking above the $1340 level. The prevailing upside momentum in the market is very strong and is likely to break above the $1350 in next couple of session. The absence of any selling and the weak dollar will likely to support the prices up towards the $1400 mark. …Read More
Silver
The market broke above the $18 level during the day on Thursday, continuing the bullish move from the last couple of days. With US dollar on the backfoot and geopolitical tensions around North Korea, the market will continue to move higher towards the $18.50 level. Any Short term dip will provide a nice buying opportunity into the market. …Read More
WTI Crude Oil
The crude market on Thursday’s session was pretty indecisive on the movement of prices as the market was trying to figure out the real damage by Hurricane Irma. Next couple of session will be very volatile for the market and may try to break above the $50 mark and if it breaks above then it should move towards the $51 level otherwise $49 will be a good support zone. …Read More
Natural Gas
The Natural Gas counter is witnessing the extreme amount of volatility in the last couple of sessions. In Thursday’s session, after moving flat for the most part of the session, it broke below the $3 level at the end. With strong inventory numbers and effect of Hurricane Irma, the market will be extremely volatile and the way forward the sell on rallies will be the right strategy for the 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.
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