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Commodities Daily Forecast – February 13, 2019 – FX Empire

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Gold

The gold prices pulled back initially during Tuesday’s session but got enough support underneath to continue rally higher. The $1325 level higher would continue to be extremely resistive, but pullbacks will continue to be a nice buying opportunity. If the gold breaks the support at $1300 level, then probably it will go down towards the $1275 level. …Read More

Silver

The silver prices rallied a bit during yesterday’s session, reaching towards the $15.80 level. The market will continue to witness volatility and a break above $16 level would extremely bullish and would send the silver prices towards $17 level in the long term. Underneath, the $15.50 level is extremely supportive and will continue to attract buyers around. …Read More

WTI Crude Oil

The crude oil market was bit volatile during yesterday’s session, moving around the $53 level. The market is likely to consolidate between the $50 and $55 level and further the 20 Day EMA is turning lower, which is a bit negative for the market. A break down below $50 level, would send the crude oil prices towards the $45 level. …Read More

Natural Gas

The Natural Gas counter was bit volatile during yesterday’s session, trading between the $2.60 and $2.75 level. If it can break above the $2.75 level, then it can witness buying up to the $2.90 level, but the momentum is lacking in the market. If it breaks below the $2.60 level, then the next major support for the market is at $2.50 level. Rallies will continue to attract sellers in the market. …Read More