In This Article:
Gold
The gold market started the session with weak momentum, but as the day passed it started to rally slightly. The $1250 level continues to offer a lot of interest in the market and if it fails to reclaim the level in the next few sessions, it will attract sellers into the market. A break above $1250 will send the market towards the $1265 level. …Read More
Silver
The silver bounced slightly during the yesterday’s session as the $15.75 level offered a bit of support. This is the same area which is offering support to the market for quite some time now. The market is likely to go higher from here but is likely to witness a lot of resistance above with $16.15 level is acting as a ceiling of the market. …Read More
WTI Crude Oil
The crude oil prices dipped lower significantly during the yesterday’s session settling around the $70 level, which offered a bit of psychological support. The market now has lost a significant amount of bullish momentum and if it breaks from here, the next major support will be at $68 level. …Read More
Natural Gas
The natural gas prices drifted slightly lower during the yesterday’s session reaching towards the $2.80 level. The market now lacks bullish momentum to move higher and is likely to fall further. The $2.75 level underneath will be offering strong support, followed by $2.70 and $2.60. Now, if the dollar further strengthens, it will further put bearish pressure on the market. …Read More
This article was originally posted on FX Empire