Gold prices in bearish momentum

gold

Gold prices were unchanged on Wednesday and it is expected to continue in bearish momentum and silver prices are expected to pullback till 38300. Silver market may continue in bearish momentum along with a small positive trend.

Copper prices should be supportive at 450. Copper prices are expected to trade from 450 to 456 and Nickel prices are expected to rise around 900 in today’s market.

Natural gas has formed a rising pattern. It indicates a bullish trend. The fuel cost rise at the slowest pace seen in last eight months as well as crude oil prices come off from their highs. It fall nearly eight percent from its recent highs. Crude oil prices could be under pressure from 4000 to 4050 today.

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