Commodities Daily Forecast – March 21, 2018

By:

Published: Mar 21, 2018, 10:23 UTC

Gold The gold prices moved lower during the yesterday's session reaching towards the $1310 level as the market looks cautious on the announcement from

Commodities Daily Forecast – March 21, 2018

Gold

The gold prices moved lower during the yesterday’s session reaching towards the $1310 level as the market looks cautious on the announcement from Fed. A favourable announcement from Fed will send this pair towards the $1315 and $1325 level eventually. In case, Fed proceeds with 4 rate hike the prices will break further perhaps breaking the $1300 level and much below. …Read More

Silver

Silver rolled over during the Tuesday’s session reacting to the overall noise and volatility the forex and commodity market. The prices reached the $16.10 level at the yesterday’s session and $16 level below offers maximum support. The market is looking towards the announcement from Fed on rate hike outlook which will chart the direction of this market. …Read More

WTI Crude Oil

The crude oil moved higher during the yesterday’s session clearing the $63.50 level which was significantly resistive. Because of this, the market is likely to continue moving higher and try to break towards the $65 level. The USD will have a maximum influence on this market in today’s session, as because of the reaction to the Federal Reserve outlook. …Read More

Natural Gas

The natural gas prices were initially sideways but moved higher reaching towards the $2.70 level in the later part of the Tuesday’s session. It is expected that given enough time, this market will attract enough sellers to pull this market down towards the $2.6 and $2.5 level which are important support levels. …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.