Forecasts & Analysis | Commodities
Crude Oil Price Forecast – Crude Oil Markets Quiet on Friday
The crude oil markets were very quiet during the trading session on Friday, as we continue to see a lot of indecision after the recent break out.
Gold Price Forecast – Gold Markets Continue to Reach Higher
Gold markets have rallied a bit during the trading session on Friday again, as we continue to see a recovery in this market.
Gold: You Can Win a Battle, but Still Lose the War
Gold had a good day yesterday, but as it hits the $1,770 resistance line, it will be anything but easy for the yellow metal. The real test has begun.
Silver Price Daily Forecast – Test Of Major Resistance At $26.25 – $26.30
Silver settled above the resistance at $25.85 and tried to settle above the next resistance at $26.25 – $26.30.
Natural Gas Price Fundamental Daily Forecast – Trend Changed to Up with Buyers Eyeing Breakout Over $2.706
In a note to clients on Thursday, NatGasWeather characterized the temperature outlook as “solidly bullish” through April 24.
Oil Price Fundamental Daily Forecast – Supported by Stronger Demand Outlook, Solid US, China Economic Data
Support is also coming from the news that the IEA and OPEC upwardly revised their global oil demand growth forecasts for 2021.
Price of Gold Fundamental Daily Forecast – Dovish Powell Gives Gold Market Room to Breathe
Powell said he would “like to see it (inflation) on track to move moderately above 2% for some time. When we get that, that’s when we’ll raise rates.”
Daily Gold News: Friday, Apr. 16 – Gold Breaking Higher
The gold futures contract gained 1.76% on Thursday, as it broke above its short-term consolidation. Early in the month the market has bounced from the support level marked by March 8 local low of $1,663.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold