Commodities Daily Forecast – June 22, 2018

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Published: Jun 22, 2018, 12:55 UTC

Gold The gold prices continue to trade weak reaching towards the $1260 level in yesterday's session. It is likely that the market will likely to test the

Gold

The gold prices continue to trade weak reaching towards the $1260 level in yesterday’s session. It is likely that the market will likely to test the $1250 level underneath before resuming its upward movements. Strong US Dollar will continue to keep the gold prices under pressure and a break above $1275 level will be a bullish development. …Read More

Silver

The silver prices were slightly weak during the yesterday’s session hovering around the $16.25 level, which is an important support level. Given enough time, Silver will have enough bullish momentum to continue higher, initially towards the $16.50 level and then $17 level as both are massively resistive level. The $16 level is acting as a floor of this market and will be difficult for the market to break further. …Read More

WTI Crude Oil

The crude oil prices continued to remain volatile during the yesterday’s session as it is awaiting the OPEC meeting undergoing in Vienna. The market is likely to trade in a range bound manner between the $64.50 and $67 level and a break either side will lead to big price movements. …Read More

Natural Gas

The natural gas prices continued to rally in the yesterday’s session reaching towards the $3 level, an area which is significantly resistive and extends all the way to the $3.10 level. The market will attract a close watch of sellers and any signs of exhaustion will let sellers hammer the prices down. The 2.85 level underneath continues to offer strong support. …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.