Commodities Analysis Video

  The gold markets had a back and forth day during Wednesday’s session, eventually ending the day slightly higher. The market broke above the recent highs, but never really gained the momentum one would have expected upon doing so. Because of this, we are cautiously bullish, but can’t help but notice that the markets have little build up after what looked to be a significant break out to the upside.

  Natural Gas markets had a wide range in Tuesday trading, but finished virtually unchanged as the market finds resistance in the $4.30 area. The market looks a bit confused, and is certainly going to struggle at these levels without some kind of catalyst. The market looks set to continue the consolidation between $4 and $4.30 levels as the attempt to break out was pushed back. Of course, if we see a break above the highs on Tuesday – that could lead to a $4.60 print.