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Commodities Daily Forecast – March 20, 2019

Colin First
Commodities Daily Forecast – March 20, 2019

Gold

The gold prices bounced higher during Tuesday’s session using the 50 Day EMA as support. The break above $1300 level has been extremely positive and is continuing to attract a lot of attention. If the gold prices can clear above the $1310 and $1315 level, then this market could easily reach towards the $1325 level and above. …Read More

Silver

The silver prices rallied higher during yesterday’s session but ran into resistance at the $15.50 level and also the 50 Day EMA slope. With USD going weak against major currencies of the world, the silver prices will continue to drive value and pullbacks will offer a nice buying opportunity until it breaks below the $15 level. …Read More

WTI Crude Oil

The crude oil prices rallied higher but failed to break above the psychologically and structurally important $60 level. The market is likely to experience a bit of pullback before trying to break above the $60 level. A break above $60 level would push the market as high as $65 level. …Read More

Natural Gas

The Natural Gas prices rallied higher during yesterday’s session but ran into resistance at the 50 Day EMA slope. The market is expected to continue to struggle due to the presence of strong resistance above and likely to roll back a bit. Rallies at this point will continue to be a nice selling opportunity and prices can break down towards the $2.60 level. …Read More

 

This article was originally posted on FX Empire

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