Forecasts & Analysis | Commodities, Page 3
Gold Price Prediction – Prices Edge Higher Following ECB Decision
Gold prices moved higher on Thursday following a decision by the ECB to keep rates unchanged. The dollar moved higher against most major currencies despite declining US yields that fell across all tenors. The ECB also announced that it would examine its bond corporate holdings to take into account climate
Silver Price Forecast – Silver Markets Pullback Two Major Moving Average
Silver markets fell slightly during the trading session on Thursday, reaching down towards the 50 day EMA. This of course is an area where people pay attention.
Crude Oil Price Forecast – Crude Oil Markets Plummet Again
Crude oil markets have broken down again during the trading session on Thursday, as we continue to see extended weakness in this marketplace.
Natural Gas Price Forecast – Natural Gas Markets Can’t Rally
Natural gas markets have tried to rally again during the trading session on Thursday, but they continue to see signs of selling pressure every time we try to pick the market up off of the floor.
Gold Price Forecast – Gold Markets Continue To Show Buyers
Gold markets pulled back a bit during the trading session on Thursday, as we continue to see plenty of support near the $1550 level. At this point, the market looks likely to see value hunters come back in every time we dip.
Gold Price Futures (GC) Technical Analysis – Holding $1558.80 Could Fuel Rally into $1574.80 – $1581.20
The direction of the April Comex gold futures contract the rest of the session on Thursday is likely to be determined by trader reaction to $1558.80.
Crude in Full Retreat as Chinese Virus Spooks Investors
Crude prices continue to fall, as U.S. crude oil has plunged 5.8% this week. The spread of a deadly Chinese virus has alarmed investors, sending equity markets and oil prices sharply lower.