Commodities Daily Forecast – June 15, 2018

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Published: Jun 15, 2018, 08:17 UTC

Gold The gold market was extremely volatile and noisy in the Thursday's session as it tried to break above the $1308 level, the area which is very

Gold

The gold market was extremely volatile and noisy in the Thursday’s session as it tried to break above the $1308 level, the area which is very resistive. If the market breaks above this level and successfully stays above for significant amount of time, it should send the market towards the $1325 level. There are plenty of support levels underneath and long-term uptrend line is coinciding at the $1290 level underneath. …Read More

Silver

The silver market was bullish in the yesterday’s session as it sliced through the $17 level and reaching towards the $17.30 level. The market will continue to attract a lot of buyers on pullbacks and the $17 level underneath will continue to offer strong support. In the longer-term, it can break above the $17.50 level and $18 level eventually. …Read More

WTI Crude Oil

The crude oil prices initially tried to rally but fell to the 50 DMA on the hourly chart at the $66.50 level. The market is expected to continue volatile, and $66 level underneath continues to offer strong support. Overall the market sentiment is bullish and is likely to find buyers sooner rather than later. …Read More

Natural Gas

The natural gas market continued to remain volatile as the $2.96 level continues to offer a lot of attraction in yesterday’s session. The area above is massively resistive and if it breaks above the $3 level, then it could move towards the $3.10 level. The overall fundamental of the market is very weak and the market will remain noisy in the short term with a lot of sellers interest. …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.