Forecasts & Analysis | Commodities, Page

The direction of the market into the close is likely to be determined by trader reaction to the main Fibonacci level at $57.36.

Natural gas consumption and production rise to records

US retail sales comes in stronger than expected

In a key policy shift, the ECB has recently introduced tiered system of interest rates. This news isn’t of interest only to the banks keeping their reserves at the ECB. In today’s article, you’ll learn about the new instrument of monetary policy, and find out what it implies for the

Silver markets stabilized during the week, hanging on the 200 week EMA. However, they did not necessarily do a lot of damage to that horrifically bearish candlestick from the previous week.

The crude oil markets fell during a large part of the week but also turned around to rally during just as much. It seems like every time the short-term charts showed a bearish move, the buyers were there to pick them up.

Natural gas markets gapped lower to kick off the week, and then broke down. However, we have seen buyers come back into the market the turn things around and repudiate the shooting star from the previous week.

Gold markets went back and forth during the week, testing a crucial level underneath at the $1450 level. At this point, the market then bounced to show signs of life again.

Silver markets initially fell during trading on Friday but seemed to have found buyers underneath as we continue to press against the crucial $17.00 level. At this point, the market is trying to figure out where to go next.

The crude oil markets dipped a little bit to kick off the Friday session, only to turn around as buyers enter the marketplace. With that being the case, it’s very likely that the market will continue to be one that favors the upside in the short term.

Natural gas markets went back and forth during the trading session on Friday, as we continue to see a lot of noise in general. At this point, the market looks very likely to be very noisy but have a lot of bullish pressure underneath.

The gold markets have initially pulled back a bit during the trading session on Friday but have also bounced from the lows. At this point, it looks as if gold is trying to build up a little bit of a basin decide whether or not it can continue to go

This, the final section of this multi-part research article, will continue our exploration of the consequences that may result from our ADL predictive modeling system’s suggestion that Oil may continue to fall to levels below $40 over the next few months.

Natural Gas Intelligence (NGI) is saying divergent weather models are moving toward a middle ground on the temperature outlook for later this month, driving prices sideways to lower. The early price action suggests the direction of the January natural gas market the rest of the session on Friday is likely

Traders are reacting strongly to Kudlow’s comments and gold is being pressured accordingly. It seems President Trump can say all he wants, but the market tends to listen more intently to what Kudlow has to say.

The British and Canadian currencies are almost unchanged on Friday. We could see some movement with the release of U.S. retail sales at 13:30 GMT.

The early strength didn’t last and the markets turned lower after the IEA said on Friday, OPEC and its friends face stiffening competition in 2020, adding urgency to the oil producer group’s policy, according to Reuters.

Crude oil has posted small losses for a second straight day. Investors will be keeping an eye on retail sales, which will be released at 13:30 GMT.

Silver remains steady, just below the $17.00 level. We could see some movement later in the day, with the release of retail sales reports at 13:30 GMT.

Based on the early price action and the current price at $1464.90, the direction of the December Comex gold futures the rest of the session on Friday is likely to be determined by trader reaction to the main Fibonacci level at $1471.00.