Commodities Daily Forecast – March 30, 2018

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Published: Mar 30, 2018, 09:59 GMT+00:00

Gold The gold prices moved a little during the Thursday's session as it tested the $1325 level for support. The market is likely to find buyers around

Gold

The gold prices moved a little during the Thursday’s session as it tested the $1325 level for support. The market is likely to find buyers around this level and if crosses above the $1330 level then it should move towards the $1350 level. A break below $1325 level will be negative and next major support level is at $1300 level. …Read More

Silver

The silver prices drifted a slightly lower during the Thursday’s session hovering around the $16.25 level. This level has been an important level in the past as well and also will attract buyers. Failure to move higher will result in the silver prices moving down towards the $16 level. …Read More

WTI Crude Oil

The Crude-oil prices continue to trade choppy during the Thursday’s session, trading in a narrow range just around the $65 level. This level continues to attract a lot of interest among traders and a break above $65.50 level will allow buyers to jump in the market. Buying on dips continue to be the right strategy for this market until it breaks below the $63 level or more importantly $63 level. …Read More

Natural Gas

The Natural Gas prices exploded higher during the yesterday’s session reaching the $2.70 level initially and then went higher towards the $2.75 level. The market has a strong resistance around the $2.80 level and $3 level. Given enough time, the sellers will get attracted towards this market to pull this market lower. …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.