Crude Oil Weekly Price Forecast – Crude Oil Markets Walk Trendline

WTI Futures

Crude Oil Weekly Price Forecast: The West Texas Intermediate Crude Oil market has initially pulled back during the course of the week but then rallied again to show signs of resiliency. The $60 level looks to be supportive and of course we have a significant amount of support based upon that longer-term trendline.

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WTI Futures

Gold Price Forecast – $1700 Level is Very Crucial Support

Gold Price Analysis

Gold Price Forecast : Gold markets have gone back and forth during the course of the week, jumping around the $1700 level as a fulcrum. Ultimately, we also have the 61.8% Fibonacci retracement level in that area, which would suggest that technical traders might be involved here as well.

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Gold Price Analysis

Silver Price Forecast – Silver Markets Slowing Momentum

Silver markets continue to see a lot of choppiness but overall upward momentum. At this point in time, the $28 level will more than likely cause a certain amount of resistance, as it is a large, round, psychologically significant figure, and an area where we have been selling off previously.

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