Forecasts & Analysis | Commodities, Page 1

The selling was revved up late Thursday after the European weather model dropped more than 15 heating degree days from its forecast for the period running from next Tuesday through January 28, NatGasWeather said in a note to clients.

After rallying more than $165 since November, gold is taking a well-deserved breather. A brief pause, then gold should continue to fresh highs and $1700 by March. 

Silver markets went back and forth during the trading session in a slightly positive day, as the market has been grinding sideways and killing time. The question now is whether or not the buyers will come in and pick this up.

Crude oil markets stabilize a bit during the day on Friday, which of course is a good sign considering that we had pulled back so drastically. That being said, it looks like the 200 day EMA continues to offer support.

Natural gas markets dipped a below the two dollars level momentarily during the day on Friday, as the natural gas markets continue to struggle. This being the case, there is nothing good looking about this chart, and as a result it’s likely that the market will continue to be miserable.

Gold markets rallied slightly during the trading session on Friday to in the week, showing signs of resiliency yet again. It looks as if we are very comfortable with the bullish uptrend.

Silver markets initially fell during the week but continue to find resiliency, as we are testing the shooting star from the previous week.

The crude oil markets fell initially during the week but have turned around to show signs of life again by forming a hammer. This has happened in both grades that I follow here at FX Empire.

Natural gas markets got hammered this week, breaking below the $2.00 level for the first time in ages, and this shows just how oversupplied this market truly is.

The gold fell a bit during the week, but then turned around to show signs of life again. We are above the $1550 level, but also have a shooting star above.