Commodities Daily Forecast – May 15, 2017
Gold
The prices continue to be weak and with this trend existing for the past week or so, it may be time to start looking to the downside on the gold prices. But many traders have been repeatedly burned over the past few months, expecting a downturn in the prices and have grown increasingly cautious. …Read More
Silver
The prices bounced off the $16 region as was expected and has since been making some strong progress towards $16.5 and beyond. It is looking to enter a crucial phase of its price movement and the next few days should help us in determining its direction in the near future. …Read More
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WTI Crude Oil
The prices received a boost on the back of reports that the inventory was falling and also on reports that the OPEC and non-OPEC producers were about to agree for an extension of the production cut. This should ensure that the deal lasts till the end of the year which should help to keep the oil prices buoyed. …Read More
Natural Gas
The prices continue to move higher which makes it difficult to understand the movement as the traders are confused on whether this is short covering or whether this is really a change of trend to the upside. Lot of buying has been seen which is driving up the gas prices. …Read More