Commodities Daily Forecast – April 11, 2018
Gold
The gold prices initially rallied during the Tuesday’s session reaching $1340 level but pulled back slightly towards the end of the session. The market is trying to reach towards the $1350 level which is significantly resistive and if it breaks above this level then it will continue to grind towards the $1375 level. The $1325 level underneath should offer a plenty of support. …Read More
Silver
The silver prices initially rallied during the Tuesday’s session reaching towards the $16.60 level but pulled back slightly at the end of the session. Overall this market has a plenty of support underneath and will continue to move higher and a break above $16.75 level will help this market to reach towards the $17 level. Buying into dips will continue to be the right strategy to play this market. …Read More
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WTI Crude Oil
The crude oil market rallied during the Tuesday’s session slicing through the $65 level and looks likely that it will continue reaching towards the $66 level which is a significant level. Short-term pullbacks in this market will offer a nice opportunity to enter this market if it stays above the $64 level. …Read More
Natural Gas
The natural gas market initially went sideways but then dropped towards the $2.65 level. This area has been major support zone extending down towards the $2.60 level as it has been tested in the past as well. Any rally in this market will continue to offer a good selling opportunity as both fundamental and technical aspect of the market is very weak. …Read More