Commodities Daily Forecast – June 21, 2018

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Published: Jun 21, 2018, 09:37 UTC

Gold The gold prices were mostly stable during the Wednesday's session hovering around the $1275 level. The market has fallen hard in the last couple of

Gold

The gold prices were mostly stable during the Wednesday’s session hovering around the $1275 level. The market has fallen hard in the last couple of session and is likely to continue weak until it gains significant momentum to continue higher. The $1285 and $1290 level continues to offer strong resistance and break above could help the market to reach towards the $1300 level. …Read More

Silver

The silver market was stable during the yesterday’s session hovering around the $16.25 level which is also one of the major support levels. Silver is highly sensitive to risk appetite and $16.50 level above continues to offer a bit of resistance. If the market clears above the $16.60 level, then again it will resume its upside move and will try to reach towards the $17 level. …Read More

WTI Crude Oil

The crude oil prices were very choppy during the yesterday’s session moving back and forth between the $64.75 and $66 level. The market is looking towards the outcome of OPEC meeting in Vienna on the future supply of crude oil. A break below $64.50 level will further break this market towards the $60 level. …Read More

Natural Gas

The natural gas prices gained significantly during the yesterday’s session shooting towards the $2.95 level. With this move, the natural gas market is again looking to break above the $3 level which is massively resistive. The market is expected to continue volatile and is likely to witness some large moves between the $2.75 and $3 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.