Yahoo Finance Commodities Daily Forecast – February 14, 2019
Gold
The gold prices lost momentum during the Wednesday’s session, as it pulled back a bit reaching below the $1310 level. The market trying to build up enough momentum, in order to break through the massive barrier above at the $1325 level. Pullbacks like such will continue to attract buyers and the Fed’s dovish attitude will continue to lift the precious metal markets higher. …Read More
Silver
The silver prices pulled back a bit during yesterday’s session but found enough support to turn things around and form a bullish candle. The market is trying to build up enough momentum to break out above the much resistive $16 level. Pullbacks will continue to offer a nice buying opportunity and have strong support at the $15.50 level. …Read More
WTI Crude Oil
The crude oil market showed a bit of strength during yesterday’s session, moving higher towards the $55 level. The market will continue to attract a lot of interest around this $55 level, and a break above this level would help the market to reach towards the $60 level. The market will continue to find enough reasons to remain bullish, but the concerns regarding global growth will keep the market choppy. …Read More
Natural Gas
The Natural Gas prices pulled down a bit during yesterday’s session, as it continued to struggle to move higher. The $2.75 level above continues to be a major resistance and rallies will continue to be a nice selling opportunity. The $2.50 level underneath is massive support and is also the bottom in the long term charts. …Read More
This article was originally posted on FX Empire
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