Commodities Daily Forecast – March 18, 2019
Gold
The gold prices continue to chop around the historically important $1300 level in Friday’s session. The market is expected to attract plenty of buyers around this region and a daily closing above 200 Day EMA, then the market could easily break above the $1325 level. The market is going to experience a lot of noise and has strong support at the $1275 level. …Read More
Silver
The silver prices rallied during Friday’s session, reaching towards the $15.33 level, trying to regain much of the lost momentum. If the silver prices break above the $15.50 level in the next few sessions, then more buyers would be interested in picking this market higher towards the $16 level and above. If the market breaks the support of $15 level, then silver could reach towards the $14.50 level or much below. …Read More
WTI Crude Oil
The crude oil prices witnessed a back and forth momentum during Friday’s trade session, hovering around the $58 level. From here, the market is likely to experience a lot of difficulties breaking above the $60 level. The market is expected to remain volatile and in event of any pullback, the $55 level would offer strong support. …Read More
Natural Gas
The Natural Gas pulled back a bit during Friday’s session, as the market experienced a lot of resistance above. Given the weak fundamentals, the market is likely to experience a lot of volatility and any sign of exhaustion in the market would attract sellers back into the market. …Read More
This article was originally posted on FX Empire