Commodities Daily Forecast – May 10, 2017

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Updated: May 10, 2017, 09:37 GMT+00:00

Gold The price continued to move down as the funds got pulled out of safer assets like gold and invested into riskier assets like the stock markets. Also,

Commodities Daily Forecast – May 10, 2017

Gold

The price continued to move down as the funds got pulled out of safer assets like gold and invested into riskier assets like the stock markets. Also, there has been an increasing talk about a rate hike in the US in June and this is also causing the gold prices weaken during the course of the day. …Read More

Silver

The prices fell again yesterday and they made their way towards the $16 region where they found some strong buying support. We can expect to see some resistance in the $16.2 region and this is expected to keep the prices under pressure. …Read More

WTI Crude Oil

There was a bit of choppy trading in the oil markets during the day yesterday but the region around $45.4 managed to hold the prices for now. We believe that the prices will eventually break through the support and move towards the $45 region. …Read More

Natural Gas

The prices whipsawed during the course of the day yesterday and finally managed to close more than 1% higher. The increase in demand due to cold weather is likely to be the reason for the increase in prices though it remains to be seen how long such prices can be sustained. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.