Commodities Daily Forecast – April 13, 2018

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Published: Apr 13, 2018, 09:41 UTC

Gold The gold prices rolled over a bit during the Thursday's session as geopolitical tension involving US and Russia started to relax a bit. The gold

Gold

The gold prices rolled over a bit during the Thursday’s session as geopolitical tension involving US and Russia started to relax a bit. The gold prices have sliced through the $1350 level reaching towards the $1340 level. Given enough time, the market is likely to resume its upward trend with $1350 as a first resistance level and then at $1375 level. …Read More

Silver

The silver market broke down a bit during the Thursday’s session slicing through the $16.60 level. The $16.50 level underneath will offer a strong support underneath and will attract buyers. Geopolitical tensions involving the US, China and Russia over trade and the Middle-East issue will have a huge influence in the market and should be looked after to have clue of short-term price movements in the market. …Read More

WTI Crude Oil

The crude oil prices softened a bit during the Thursday’s session breaking below the $66.50 level. The market is likely to trade weak in next few session possibly reaching the $65 and $64 level where buyers are likely to pick this market. The overall attitude of the market remains volatile due to the geopolitical tensions relating to Middle-east. …Read More

Natural Gas

The natural gas prices initially tried to rally but faced strong resistance at the $2.69 level to roll over and drop a bit. The market is likely to continue trading volatile and $2.60 level and $2.50 level will act as a strong support level. Any rally in this market will attract sellers into the market as both fundamental and technical aspects are very weak. …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.