Commodities Daily Forecast – June 11, 2018

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Published: Jun 11, 2018, 08:21 UTC

Gold The gold prices moved back and forth during the Friday's session as the $1300 level offered significant resistance to move above that level. Once,

Gold

The gold prices moved back and forth during the Friday’s session as the $1300 level offered significant resistance to move above that level. Once, the gold prices cross above the $1308 level, it will able to reverse some of the bearish pressure and will eventually move towards the $1325 level. The $1290 level underneath is a strong support point, that extends up to $1275 level. …Read More

Silver

The silver market managed to move higher towards the $16.75 level during the Friday’s session amid volatility. The market is likely to continue volatile and trade with bullish momentum and will eventually break above the $17 level. The $16.50 level underneath will continue to remain a strong support point and buy on dips will be the right strategy to play this market. …Read More

WTI Crude Oil

The crude oil market had a volatile session at the Friday’s sessions breaking above the $66 level, but again turned lower reaching towards the $65 level. The market from here is expected to continue volatile with a probability of downward movement. The $62.50 level underneath is going to offer strong support that extends up to $60 level. …Read More

Natural Gas

The natural gas prices fell over 1.5 percent int he Friday’s session, showing signs of exhaustion. The market above the $2.90 level continues to be massively resistive and the downward movement was somewhat expected. If the market breaks below the $2.84 level and $2.80 level, then next major support point for the market will at $2.72 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.