Yahoo Finance Commodities Daily Forecast – December 14, 2017
Gold
The gold prices were quite stable during the Wednesday’s session as it hovered around the $1250 level which has been a fair value of the market over the long-term charts. The market is likely to fall lower a bit towards the $1225 level, probably $1200 level underneath as the dollar will start to gain some value post the rate hike by Fed. This will essentially have a long-term impact on the prices of gold which could give directions to the market for the next year. …Read More
Silver
The silver prices initially went sideways during the yesterday’s session but later found some bullish pressure later in the day. In the longer term, the $15 will be very supportive and if the market breaks above the $16 level then it will be a strong case for the market to go higher. Now, the Fed has increased the rates with hawkish outlook, the dollar will gain some value which will also have an impact on this market. This market will follow the gold market in terms of direction and sentiments. …Read More
WTI Crude Oil
The crude oil prices have been very volatile around this region and face selling pressure everytime it tries to break above. Yesterday, the market broke the important $57.50 level and reached $56.50 level later in the day. Short-term rallies in the market will be a good selling opportunity unless it breaks above the $57.80 level. …Read More
Natural Gas
The natural gas prices went on a back and forth direction on yesterday’s session as it tried to break above the $2.75 level which has been a good support in the past. The hourly stochastic in indicating an overbought situation and the market is likely to cross over again. If this market breaks above the $2.85 level then it will be a strong move which could send the market further higher. …Read More
This article was originally posted on FX Empire
