Commodities Daily Forecast – March 13, 2018

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Published: Mar 13, 2018, 09:32 UTC

Gold The gold market continued to be noisy during the trading session on Monday as the $1315 level is offering support. Given enough time, the market is

Commodities Daily Forecast – March 13, 2018

Gold

The gold market continued to be noisy during the trading session on Monday as the $1315 level is offering support. Given enough time, the market is expected to move higher towards the $1325 level and a break above there could send the prices much higher towards the $1350 level over next several sessions. …Read More

Silver

The silver prices continued to be choppy during the yesterday’s session but bounce from the lower levels of the day is a very bullish sign. The $16.65 level should be the next target for this market and if it clears then it is free to go towards the $17 level. The USD and movement in the gold prices will chart the next direction of this market. …Read More

WTI Crude Oil

The crude oil prices dropped lower significantly during the Monday’s session by over 1.5 percent reaching towards the $60.50 level. Given the situation, it is going to be a matter of time, the crude price went below the $60 level. The next major support will be at $58 level and then at the $55 level. Any short-term rallies in the market is a good opportunity to sell until it goes above the $65 level. …Read More

Natural Gas

The natural gas prices exploded higher during the yesterday’s session breaking above the $2.80 level. The $3 level is going to be massively resistive if it continues to move higher. Given the weak fundamentals and massively resistive higher level at the $3 and $3.20 level, sellers are most likely to get involved and will take the prices further down towards the $2.60 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.