Commodities Daily Forecast – March 18, 2019

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Published: Mar 18, 2019, 10:27 UTC

Gold The gold prices continue to chop around the historically important $1300 level in Friday's session. The market is expected to attract plenty of

Crude Oil weekly chart, January 28, 2019

Gold

The gold prices continue to chop around the historically important $1300 level in Friday’s session. The market is expected to attract plenty of buyers around this region and a daily closing above 200 Day EMA, then the market could easily break above the $1325 level. The market is going to experience a lot of noise and has strong support at the $1275 level. …Read More

Silver

The silver prices rallied during Friday’s session, reaching towards the $15.33 level, trying to regain much of the lost momentum. If the silver prices break above the $15.50 level in the next few sessions, then more buyers would be interested in picking this market higher towards the $16 level and above. If the market breaks the support of $15 level, then silver could reach towards the $14.50 level or much below. …Read More

WTI Crude Oil

The crude oil prices witnessed a back and forth momentum during Friday’s trade session, hovering around the $58 level. From here, the market is likely to experience a lot of difficulties breaking above the $60 level. The market is expected to remain volatile and in event of any pullback, the $55 level would offer strong support. …Read More

Natural Gas

The Natural Gas pulled back a bit during Friday’s session, as the market experienced a lot of resistance above. Given the weak fundamentals, the market is likely to experience a lot of volatility and any sign of exhaustion in the market would attract sellers back into the market. …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.