Commodities Daily Forecast – March 15, 2018

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Published: Mar 15, 2018, 08:19 GMT+00:00

Gold The gold market moved little higher during the yesterday's session going above the $1325 level which is now offering support to this market. The

Gold

The gold market moved little higher during the yesterday’s session going above the $1325 level which is now offering support to this market. The market is expected to remain volatile due to the noise around. If it breaks above the $1330 level in next few sessions, then the market will continue to rally reaching towards the $1340 and $1350 level eventually. …Read More

Silver

The silver tried to rally during the yesterday’s session but ran into significant resistance around the $16.65 level and rolled over to reach towards the $16.50 level. The market has plenty of support underneath at the $16.40 level in the short term which will attract a lot of buyers. The volatility will be the mainstay in this market and any pullbacks will be looked as opportunity to pick silver at value. …Read More

WTI Crude Oil

The crude oil prices were volatile during the yesterday’s session as the market was waiting for the global crude inventory numbers. At this moment bullish momentum is absent from this market and any negative development can send the market falling towards the $60 level and much below. In the higher side, until we break the $63 level above, the market will continue to trade in the lower. …Read More

Natural Gas

The natural gas prices sliced through the $2.75 level during the yesterday’s session reaching towards the $2.70 level. This market will continue to face selling pressure which will send the prices towards the $2.60 and $2.50 level. The market needs to break above the $2.76 level, to allow the prices to go much higher 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.