Commodities Daily Forecast – March 19, 2019

By:

Published: Mar 19, 2019, 10:03 UTC

Gold The gold market was initially sideways but gained enough momentum later in the session to break above the $1300 level. The market is experiencing

Gold

The gold market was initially sideways but gained enough momentum later in the session to break above the $1300 level. The market is experiencing strong buying at the lower level which is helping the market to reach higher. A break above $1315 and $1325 level would be extremely bullish and send the market towards the $1350 level. …Read More

Silver

The silver market initially pulled back but found enough buying interest underneath to send the market higher. The market is experiencing a lot of volatility but $15 level underneath will continue to offer strong support to the market. A break above $15.50 level would be extremely positive and could send the silver prices to reach much higher towards the $16 level and much higher. …Read More

WTI Crude Oil

The crude oil prices inched higher during yesterday’s session towards the $60 level, as it is trying to break above the 200 Day EMA slope. The market is witnessing a lot of momentum, and a daily close above 200 Day EMA and $60 level would send the crude oil prices towards $65 level. Underneath, 50 Day EMA slope is offering strong support to the market. …Read More

Natural Gas

The Natural Gas market made a bullish start for the week, gaining roughly by 4 cents. However, the market has strong resistance above which extends up to the $3 level, which will be a bit difficult for the market break above given the weak fundamental structure. Any sign of exhaustion in the market will attract the 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.