Commodities Daily Forecast – March 6, 2018

Gold

The gold prices continued to trade volatile during the Monday’s session trying to move higher. This market needs to break a fresh new high in order to attract buyers to pull this market above the $1350 level and above. The market is massively supportive at the $1300 level and until it breaks this level, it will continue to attract value buyers. …Read More

WTI Crude Oil

The crude oil prices rose towards the $62.75 level during the trading session on Monday and are looking to test $63 level, which is a bit of resistive. The market perhaps should fall from here as it lacks enough strong momentum to continue higher and also weak fundamentals due to oversupply is keeping this market under check. …Read More

Natural Gas

The natural gas prices mostly went sideways during the Monday’s session hovering around the $2.70 level. The market has corrected intensively in the past few weeks so there could be some amount of upside move in the market up to $3 level which is massively resistive and also the ceiling of this market. From the higher level, this market will continue to find sellers as the oversupply and lack of demand are plaguing this market. …Read More