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Commodities Daily Forecast – March 14, 2018
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Gold The gold market went back and forth during the Tuesday's session as the CPI data from the US came out suggesting on inflation on track. Given enough
Gold
The gold market went back and forth during the Tuesday’s session as the CPI data from the US came out suggesting on inflation on track. Given enough time, the market will continue to rally reaching towards the $1325 level and then towards the $1340 level. Pullbacks offer good buying opportunity into this market with supports around $1315 and $1300 level. …Read More
Silver
The silver market was choppy during the Tuesday’s session reaching toward the $16.65 level but pulled back significantly towards the $16.50 level only to bounce higher. The market has been facing a lot of noise with strong economic data from the US and also the volatile global financial market. Going forward, the market will trade volatile and $16 and $15 will act as a floor of this market. …Read More
WTI Crude Oil
The crude oil prices dropped significantly lower during the Tuesday’s session reaching $60.50 level which is an important support level. If it breaks below the $60 level, this would be negative and will go much lower towards the $58 and $55 level eventually. With a lot of noise both politically and also related to supply, the market will lose value for quite some time now. …Read More
Natural Gas
The natural gas prices initially went higher during the yesterday’s session but got enough resistance at the $2.82 level only to pull back. This is a negative development for the market and is likely to extend the losses reaching towards the $2.75 level. Longer-term, the oversupply situation will continue to keep the market under pressure. …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.
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