Commodities Daily Forecast – March 29, 2018

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Published: Mar 29, 2018, 08:07 UTC

Gold The gold prices crashed during the yesterday's session slicing below the $1330 level. There are multiple support lines around the area and $1325

Gold

The gold prices crashed during the yesterday’s session slicing below the $1330 level. There are multiple support lines around the area and $1325 level is the major one which will attract buyers to the market. If it fails to retain this level then it will move further lower toward the $1315 level and next at $1300 level. …Read More

Silver

The silver prices broke down during the yesterday’s session reaching down towards the $16.05 level. The $16 level underneath is a strong support level and is likely to be a matter of time that buyers get involved. If the silver manages to bounce higher from here, then it will attract more buyers to this market. …Read More

WTI Crude Oil

The Crude-oil prices broke down during the Wednesday’s session as the $66 level is proving to very resistive. The $65 and $63 level underneath continues to be a major support line and also given the lack of strong fundamentals, this market will be in the downward movement in the short term period. …Read More

Natural Gas

The Natural Gas prices drifted lower during the yesterday’s session as the level above is massively resistive. The $2.60 level continues to offer strong support extending up to $2.50 level. In both short term and long term the market structure is bearish with strong resistance around the $2.80 level and $3 level. …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.