Commodities Daily Forecast – June 14, 2018

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Published: Jun 14, 2018, 09:50 UTC

Gold The gold prices were initially sideways during the yesterday's session but after the FOMC outcome, it rallied higher towards the $1300 level. If the

Gold

The gold prices were initially sideways during the yesterday’s session but after the FOMC outcome, it rallied higher towards the $1300 level. If the market can break above the $1308 level, it will be a bullish sign and will send this market higher towards the $1325 level. The $1290 level underneath will continue to offer strong support to the market and break could result in market reaching towards the $1275 level. …Read More

Silver

The silver market showed strength during the yesterday’s session as it rallied towards the $17 level but got enough resistance there. If the market can break above this level, it will be bullish for the market and can reach towards the $17.25 level in next few sessions. The $16.90 level underneath will continue to offer strong support to this market and pullbacks will continue to be nice buying opportunity. …Read More

WTI Crude Oil

The crude oil prices rallied significantly during the yesterday’s session grinding to the $66.25 level before pulling back slightly after bullish inventory numbers from the US. The market in next few session is likely to trade range bound between the $65 and $67 level. Also, US President Donal Trump last night, showed his displeasure on rising crude prices and attacked OPEC nations. The market is likely to remain volatile in next few sessions. …Read More

Natural Gas

The natural gas market was extremely volatile during the yesterday’s session as it rallied significantly higher reaching towards the $2.96 level. The $3 level has been a magnet for this market and if it breaks above that level, then it can go towards the $3.10 level. The market is region will continue to remain volatile and and signs of exhaustion will attract sellers into the market. …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.