Forecasts & Analysis | Commodities
Natural Gas Price Fundamental Daily Forecast – Up as Hot Temperatures Outweigh Demand Worries
If the upside momentum continues then look for a short-term rally into the 50% to 61.8% retracement zone at $1.824 to $1.856.
Price of Gold Fundamental Daily Forecast – Whipsaw Action Tied to Shifts in Risk Sentiment
Gold traders may be pricing in the possibility of negative interest rates despite what the Fed is saying now.
On This Market, Bearish Gap is Just a Bullish Opportunity
A bearish opening for the markets on Monday morning did not spook investors. Instead, traders rushed to buy, supported by lower and more attractive prices.
Gold Remains an Attractive Investment Option Despite Latest Surge
After declining 5.4% from the peak reached on May 18, gold is again flirting with the key resistance level and recent multi-year high of $1,764.
Gold Bought, WTI Sold as COVID-19 Worries Return
The Commitments of Traders report covering positions held and changes made by money managers in the week to June 16 found broad reductions in bullish bets amid worries around a re-acceleration of the COVID-19 cases. The biggest reductions occurred in WTI crude oil, natural gas, copper, wheat and coffee while