Commodities Daily Forecast – March 22, 2018

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Published: Mar 22, 2018, 07:20 UTC

Gold The gold prices exploded higher during the yesterday's session reaching the $1325 level which is an important psychological level. Given the

Gold

The gold prices exploded higher during the yesterday’s session reaching the $1325 level which is an important psychological level. Given the announcement from Fed to continue with three rate hikes this year, the gold prices are expected to find the bullish momentum to continue moving higher with an initial target of $1340 and $1350 level. …Read More

Silver

The silver prices shot higher during the yesterday’s session reaching towards the $16.40 level. Because of the in the line announce from Fed with three rate hikes, the US dollar is likely to be choppy which will help this market to move higher and a break above $16.50 level will send this market towards the $17 level next in the long term. …Read More

WTI Crude Oil

The crude oil exploded higher breaking above the $65 level at the yesterday’s session due to rise in demand from America. At this moment, the market is looking quite overbought and a drop in prices is likely to happen with support at $63 level. Today’s move will allow short-term traders to pick this market from the lower levels. …Read More

Natural Gas

The natural gas prices initially rallied towards the $2.70 level but got enough resistance to fall back reaching towards the $2.65 level. Any short-term rally is a good opportunity to short this market. Going forward, due to absence of any strong technical and fundamental indications, the market is expected to move lower towards the $2.6 and $2.5 level eventually. …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.