Commodities Daily Forecast – March 19, 2018

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Published: Mar 19, 2018, 10:30 UTC

Gold The gold market was extremely volatile during the Friday's session reaching towards the $1300 level. This level is massively supportive and will

Gold

The gold market was extremely volatile during the Friday’s session reaching towards the $1300 level. This level is massively supportive and will eventually attract a lot of attention of the buyers. Alternatively, if this pair breaks below the $1300 level, then it should move towards the $1275 level. Rising dollar will typically work against the value of gold. …Read More

Silver

The silver prices initially tried to rally during the Friday’s session but got significant resistance at the $16.50 level to fall down drastically and also due to strong than anticipated Industrial Production in the US. This resulted in the Dollar to strengthen which had an effect on the overall currency and commodity market. The $16 level is strong for the market and if it breaks below then $15 will be the next support level. …Read More

WTI Crude Oil

The crude oil prices were initially sideways through the Friday’s session but then rallied to break above the $61.50 level on the back of stronger industrial production number from the US. The Crude has a minor resistance at the $62.50 level and if it breaks above the $63 level, then the market should reach towards the $65 level. …Read More

Natural Gas

The natural gas prices were strikingly stable during the Friday’s session after the massive selloff on Thursday. The market will continue to be supportive at the $2.60 and $2.50 level and if it breaks below then it next support will be around $2.25 level. The major resistance is at the $2.80 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.