Commodities Daily Forecast – March 20, 2018

By:

Updated: Mar 20, 2018, 08:42 UTC

Gold The gold prices traded choppy during the start of the week as in the short term, this market is facing a lot of issues as there are a lot of

Gold

The gold prices traded choppy during the start of the week as in the short term, this market is facing a lot of issues as there are a lot of protectionist concerns around the world. The market will remain trade volatile and possibly rise towards the $1325 level followed by $1340 level. The $1300 level is the strong support level of this market and if it breaks then this market will enter a short-term bearish phase with targets at $1275 level. …Read More

Silver

The silver prices were choppy during the whole of the session on Monday as there are lot of news coming out this week including the important Fed’s outlook on this year’s rate hike. Because of this, the market will keep trading volatile in the next several sessions. If it breaks the $16 level underneath, then it will be a negative development and next target will be around $15 level. …Read More

WTI Crude Oil

The crude oil prices traded sideways in most part of the session as it was lacking momentum to continue higher. The $62.50 level will be difficult to break above as fundamentally also, this market lacks bullish pressure. If the market fails to move above the $62.50 level then the prices are destined to move much lower perhaps reaching the $55 level in the long term. …Read More

Natural Gas

The absence of any positive momentum in the market is keeping the natural gas prices under pressure. The natural gas price reached toward the $2.50 level in the yesterday’s session which is the floor of this market and also the base of the long-term consolidation area. Because of this, there might be some amount of buyers interest t to take this market a little higher. …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.