Commodities Daily Forecast – March 14, 2019

Colin First
Crude Oil weekly chart, January 28, 2019

Gold

The gold prices continued to grind higher during Wednesday’s session as the market witnessed strong buying at the lower level. The $1300 level underneath will continue to offer strong support to the market and will continue to push higher towards the $1400 level in the long term. Going forward, buying dips will be the right strategy to play this market. …Read More

Silver

The silver prices initially rallied during yesterday’s session but then pulled back a bit, showing signs of exhaustion. Overall, in the long term, this market will continue to gain momentum with a target of $17 level. If in the short term, silver prices go above $15.60 level, then it will clear the door for the market towards $16 level. …Read More

WTI Crude Oil

The crude oil prices rallied higher during yesterday’s session, as it continued to press against the resistive $58.50 level. If the crude prices break above the 200 Day EMA, which is placed just above, then there would be plenty of buying in the market. Going ahead, short term pullbacks will continue to offer a nice buying opportunity in the market. …Read More

Natural Gas

The Natural Gas prices rallied higher a bit during yesterday’s session, showing signs of strength again. If the market breaks above the $2.90 and $3 level, then it would be very positive and could attract more buyers. However, given the weak fundamentals, sellers will try to hammer the natural gas prices lower towards the $2.60 level, or much below towards the $2.50 level. …Read More

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