Gold price provides more positive trades, reinforcing the expectations of continuing the domination of the bullish trend for the rest of the day, waiting to test 2745.00$ level as a next target, reminding you that the next station reaches 2765.00$ after surpassing the previous level.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 2700.00$ and holding below it.

The expected trading range for today is between 2715.00$ support and 2750.00$ resistance.

Trend forecast: Bullish

The GBPUSD price trades negatively to approach 1.3000$ level, waiting to break this level to reinforce the expectations of continuing the domination of the correctional bearish trend, which its next target reaches 1.2866$.

Therefore, the bearish trend will remain valid and active unless breaching 1.3060$ and holding above it.

The expected trading range for today is between 1.2970$ support and 1.3110$ resistance

Trend forecast: Bearish

The EURUSD price shows bearish bias now to move away from 1.0880$ level, motivated by stochastic negativity, which supports the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our waited target at 1.0780$, reminding you that it is important to hold below 1.0880$ to continue the expected decline.

The expected trading range for today is between 1.0785$ support and 1.0930$ resistance

Trend forecast: Bearish

 There is a saying among investors that has almost reached the level of a fixed rule or principle: "Don’t put all your eggs in one basket." This means not concentrating all your financial resources in one sector or single asset, and it is known as portfolio diversification. This principle is the cornerstone of successful investment strategies adopted by smart and expert investors in the financial field, with the aim of protecting capital from sharp fluctuations that may hit a particular sector or market.

 There are many different investment vehicles to choose from, including stocks, bonds, investment funds, futures contracts, and currencies. And don’t forget about commodities, which is the focus of this article.

 Commodities are things people need, like food and energy. Commodity trading has been around for centuries, long before stock and bond trading, and has formed the basis of trade between individuals and nations. What makes it unique compared to other investments is that it tends to protect investors from the effects of inflation, which is why demand for commodities tends to increase during periods of high inflation.

 Today, we will highlight the top three commodities we believe are worth noting and are expected to rise in the coming period, along with the factors driving their prices upward.

1. Crude Oil

   •  Increased demand from developing countries like China and India, which are still in a growth phase, boosts prices.
   •  Geopolitical factors also play a significant role in crude oil prices. Rising tensions in the Middle East, where a large part of the world's oil is produced, can drive prices up.

 Crude oil generally responds to the laws of supply and demand. When demand exceeds supply, prices tend to rise, and when demand stays consistent with supply, prices tend to fall. For example, during the summer driving season in the United States, fuel prices, one of crude oil’s byproducts, rise at gas stations, translating to higher crude oil prices.

 

 The U.S. Energy Information Administration (EIA) expects the average price of Brent crude to reach about $88.38 per barrel in 2025, up 3.7% from previous estimates, and West Texas Intermediate (WTI) crude is expected to average $83.88 per barrel in 2025.

Commodity	Current Estimate	2025 Forecast
Brent Crude	$88.38	+3.7%
WTI Crude	$83.88	+3.7%

 

 How to invest in crude oil: Investing in physical crude oil isn’t as easy as other commodities because you can’t buy a barrel of oil directly. As an investor, you may consider futures contracts, the most direct way to indirectly own the commodity. Investors might also consider buying shares in companies that extract, transport, or process crude oil, or invest in energy sector ETFs.

 

2. Gold

   •  Increased geopolitical tensions in Ukraine or the Middle East, with a high likelihood of other conflict hotspots around the world, like Taiwan.
   •  Rising demand from China, the world's largest importer of gold, after the Lunar New Year.
   •  Increased demand in India, which is expected to continue through the end of the year.

 Gold is often referred to as the safe haven or guaranteed hedge against inflation or economic and geopolitical tensions. Over the past 20 years, gold has delivered an average return of more than 8% annually.

 

 What makes this commodity particularly interesting right now is that we have entered a phase of U.S. interest rate cuts. When interest rates fall, gold tends to rise due to its increasing attractiveness as a safe-haven asset.

 

 Goldman Sachs analysts expect gold to reach about $2,900 per ounce by early 2025, a 7.41% increase from its current price.

3. Wheat

   •  Russia is the largest exporter of wheat, followed by the U.S., Canada, France, Ukraine, Australia, and Argentina.
   •  Russia and Ukraine together accounted for nearly 30% of global wheat exports before Russia's invasion of Ukraine.

 Global wheat prices rose throughout most of September due to drought concerns in winter wheat-growing regions in Russia and the United States. Wheat prices in Russia and the European Union were generally $14 per ton higher throughout the month.

 

 Given these geopolitical challenges and the impact of conflicts, especially in Ukraine and the Middle East, wheat prices are expected to rise gradually in the coming period. Analysts forecast that wheat prices in 2025 will range between $620 and $720, a 20% increase from their current levels.

Best Commodity Brokers 2024

• Pepperstone -  Best overall commodity futures trading broker for beginners. Founded 2010. Multiple regulated licenses. Minimum deposit: $0. 20% discount on deposit.
• Plus500 -  Best licensed broker for investing in commodity CFDs. Founded 2008. Multiple regulated licenses. Minimum deposit: $100.
• XM - Top commodity futures trading platform for educational materials and copy trading. Founded 2009. Multiple regulated licenses. Minimum deposit: $5. Periodic competitions and bonuses.

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