Yahoo Finance Commodities Daily Forecast – May 22, 2018
Gold
The Gold market initially broke below during the Monday’s session reaching down towards the $1283 level but bounced slightly higher from there. The market here should witness a potential selling again as the $1295 level on the top is a bit of ceiling. The $1275 level underneath is an easy target for the market now as the dollar continues to gain significantly. …Read More
Silver
The silver market initially started weak reaching down to $16.25 level but bounced higher to reach towards the $16.50 level, an area which is massively resistive. If the market clears above the $16.60 level, bullish sentiment is likely to prevail. Moving forward, the market will continue to be volatile as the dollar has been going strong on the back Federal Reserve monetary policy. …Read More
WTI Crude Oil
The crude oil market initially witnesses slight selling pressure during the Monday’s session reaching $71.25 level before finding enough buyers. As the market turns around, the crude oil price is likely to continue bullish and perhaps try to reach towards the $72.25 level again. The $70 level underneath continues to be the strong support level for this market. …Read More
Natural Gas
The natural gas prices moved back and forth around the $2.80 level during the yesterday’s session showing signs of weakness. The $2.90 level and $3 level continues to massively resistive and given the weak fundamentals, this market will continue to be weak and like to reach to reach down to $2.73 level. …Read More
This article was originally posted on FX Empire
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