Commodities Daily Forecast – March 23, 2018

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Published: Mar 23, 2018, 08:37 UTC

Gold The gold prices were mostly stable during the yesterday's session trying to figure out the next move in the market. The $1340 level above is a bit of

Commodities Daily Forecast – March 23, 2018

Gold

The gold prices were mostly stable during the yesterday’s session trying to figure out the next move in the market. The $1340 level above is a bit of resistance and if it clears then it should move towards the $1350 level. The chances of trade wars between US and China is keeping the market on its toes, which is going to keep this market volatile. In the lower side, $1325 level offers significant support to the gold prices. …Read More

Silver

The silver prices were volatile during the most part of the session during Thursday as it dropped towards the $16.40. Because of this market is likely to continue shed some its value. The $16 level is the acting as a floor of this market and is unlikely to be broken. Keep an eye on the movement of major currency pairs and gold market to chart the next movement of this market. …Read More

WTI Crude Oil

The crude oil prices rolled over significantly after reaching towards the $65 in the Wednesday’s session. The market is much volatile and continues to witness some risk-off trade in the market. If the crude prices continue to stay above the $63.50 then it should continue with its bullish movement. …Read More

Natural Gas

The natural gas prices were sideways through most part of the session as the $2.68 level offers significant resistance. The natural gas prices have a strong support at the $2.60 level and $2.50 level. The best way to play this market is to sell on rallies at the first sign of exhaustion. …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.