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Commodities Daily Forecast – April 1, 2019
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Gold The gold market tried to recover from the strong selling pressure in the previous session during Friday's session. At this point, the market
Gold
The gold market tried to recover from the strong selling pressure in the previous session during Friday’s session. At this point, the market continues to be a bit directionless with both strong selling and buying pressure. If the gold prices reclaim the $1300 level, then it will continue to attract plenty of buyers reaching towards the $1325 level. …Read More
Silver
The silver prices bounced higher from the $15 level in Friday’s session, reaching towards the $15.20 level. The market is likely to continue to be extremely noisy and could witness selling pressure on the top. Currently, both 50 & 200 Day EMA overlapping each other, and until the silver prices break above the slope, it will continue to witness selling pressure. …Read More
WTI Crude Oil
The crude oil market inched higher towards the $60 level in Friday’s session, but continue to struggle to break above the region. Overall, the market continues to be extremely noisy given the mixed inventory data. Falling production from OPEC will help to boost up the crude prices in the long term and at this moment, short term dips will continue to be a nice buying opportunity. …Read More
Natural Gas
The natural gas market continued to be extremely weak during Friday’s session, reaching down towards the $2.65 level. Given the negative biases, the market is likely to reach down towards the $2.50 level, which is also bottom of this long term consolidation. And, if it breaks below that zone, then it could reach down towards the $2.20 or $2 level. …Read More
About the Author
Colin Firstauthor
Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.
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