Gold Silver Reports (GSR) – Futures in New York as 0.4% Monday, extending a record decline. Oil was pulled 2.5% lower after the close amid a slide in equities, with President Donald Trump adding pressure with a tweet criticising the Saudi plan.
Commodities
WTI Crude Tips Above $62 Target $67—$72 – Neal Bhai Reports
WTI Crude CMP $64.90
As An Inflation Hedge, Copper’s Better than Gold
For centuries, gold has been a go-to asset among investors worried about all sorts of financial risks. In the past decade, exchange-traded funds backed by the metal drew more money than any other commodity. Even the world’s biggest central banks hoard bullion as a reserve asset.
Natural Gas Price Prediction – Prices Rebound From Session Lows on Cold Weather Forecast
The EIA reported on Thursday that net injections fall lower than the five-year average. Net injections into storage totaled 58 Bcf for the week ending October 19, compared with the five-year average net injections of 77 Bcf and last year’s net injections of 63 Bcf during the same week. Working gas stocks totaled 3,095 Bcf, which is 624 Bcf lower than the five-year average and 606 Bcf lower than last year at this time.
Spot WTI Crude Technical Analysis October 24, 2018
Crude oil suffered heavy losses in the previous day and closed near the day low. The sudden bearish breakout turns the trend into bearish. Fortunately, no lower low printed on weekly basis, the price needs to move below $64.40 to print a lower low.
Spot Silver Technical Analysis October 24, 2018
The price of silver maintains its bullish winning after previous day bounce. The precious metal expected to continue moving upward to test $15.00.
Spot Gold Technical Analysis October 24, 2018
We have an early celebration on the gold jump in the previous day. Unfortunately, the precious metal drifted lower before the close of the day and settled just at $1,230. It means no breakout and today the bull has trouble to break the resistance level.