Commodities Daily Forecast – March 28, 2018

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Published: Mar 28, 2018, 09:24 UTC

Gold The gold prices broke down significantly during the Tuesday's session reaching down towards the $1340 level. This is likley to be a short-term noise

Gold

The gold prices broke down significantly during the Tuesday’s session reaching down towards the $1340 level. This is likley to be a short-term noise in the market and given enough time the market will turn around to reach towards the $1350 level and $1360 level. Once this market breaks above the crucial $1400 level, then it will be a buy and hold market. Right now, buying in dips is the right strategy to play this market. …Read More

Silver

The silver prices declined rapidly during the yesterday’s session reaching down towards the $16.50 level. The market is likely to find enough numbers of buyers to take forward to break higher towards the $17 level. The dollar movement and gold prices will have maximum influence in this market. …Read More

WTI Crude Oil

The Crude-oil prices faced significant issues around the $66 level during the Tuesday’s session as it tried to rally. The market is in an overbought situation is likely to pull back lower in next few session possibly towards the $65 and $63 level. Pullbacks will offer an excellent opportunity to buy this market and will continue to try press upside. …Read More

Natural Gas

The Natural Gas prices went back and forth during the trading session Tuesday as the market is experiencing some movements in the higher side. In the next few session, the market is likely to move higher towards the $2.80 level which has been resistive in the past as well and if it clears that level then $3 level will be next targeted. Sellers are also likely to get involved in this area, as the market lacks enough bullish momentum. …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.