Commodities Daily Forecast – April 11, 2018

Colin First
Technical Update For Gold, Silver & WTI Crude Oil: 12.01.2018
The container terminal at dusk

Gold

The gold prices initially rallied during the Tuesday’s session reaching $1340 level but pulled back slightly towards the end of the session. The market is trying to reach towards the $1350 level which is significantly resistive and if it breaks above this level then it will continue to grind towards the $1375 level. The $1325 level underneath should offer a plenty of support. …Read More

Silver

The silver prices initially rallied during the Tuesday’s session reaching towards the $16.60 level but pulled back slightly at the end of the session. Overall this market has a plenty of support underneath and will continue to move higher and a break above $16.75 level will help this market to reach towards the $17 level. Buying into dips will continue to be the right strategy to play this market. …Read More

WTI Crude Oil

The crude oil market rallied during the Tuesday’s session slicing through the $65 level and looks likely that it will continue reaching towards the $66 level which is a significant level. Short-term pullbacks in this market will offer a nice opportunity to enter this market if it stays above the $64 level. …Read More

Natural Gas

The natural gas market initially went sideways but then dropped towards the $2.65 level. This area has been major support zone extending down towards the $2.60 level as it has been tested in the past as well. Any rally in this market will continue to offer a good selling opportunity as both fundamental and technical aspect of the market is very weak. …Read More

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