Forecasts & Analysis | Commodities
Gold Price Prediction – Prices Rebound Despite a Strong Dollar as Yields Ease
Gold prices rose on Friday as yields whipsawed and eventually fell. The dollar rose pushing through the February highs. The U.S. Treasury yields surged following a larger than expected employment report. February’s surprisingly strong job growth signals that the economy could be at a pivot point and is about to
Silver Weekly Price Forecast – Silver Markets Testing 25 USD
The silver markets have fallen towards the $25 level to show signs of support. This is an area that I think is going to be crucial for the longer term.
Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Higher
The crude oil markets initially pulled back during the course of the week but then turned around to show signs of strength yet again.
Natural Gas Weekly Price Forecast – Natural Gas Continues to Decline
Natural gas initially tried to rally during the week, but then broke down below the $2.20 level. That being said, it looks like it could drop even further.
Gold Weekly Price Forecast – Gold Testing Major Fibonacci Level
Gold markets initially tried to rally during the week but then gave back the gains to reach down towards the 61.8% Fibonacci retracement level.
Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Higher
Crude oil has rallied significantly again on Friday due to a strong jobs number, and of course Goldman Sachs coming out to suggest that we go higher.
Silver Price Forecast – Silver Markets Test 25 USD
Silver markets fell again during the trading session on Friday to show signs of weakness, reaching down towards the $25 level.
Natural Gas Price Forecast – Natural Gas Testing Major Support
Natural gas markets have broken down during the course of the trading session on Friday to reach down towards the $2.70 level.
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