Crude Oil daily chart, March 14, 2018

Commodities Daily Forecast – July 10, 2018

Gold

The gold market had a very bullish start to the week, breaking above multiple resistance levels and reaching the $1265 level. The market has significantly reversed some of the bearish momenta and is likely to further move higher. The $1255 level underneath will continue to offer support and moving forward, a break above $1275 level will be considered extremely bullish. …Read More

Silver

The silver prices rallied significantly during the yesterday’s session breaking above the $16.15 level. The market has gained significant bullish momentum and a break above $16.25 level will send this market much higher towards the $16.50 level. In the longer term, this market continues to remain bullish with a target of $17 level. …Read More

WTI Crude Oil

The crude oil prices lacked momentum during the yesterday’s session as it went sideways throughout the session hanging around the $74 level. The $75 level on the top continues to offer significant resistance and will require strong momentum to break above. On the lower side, the $72 level is acting as the floor of this market. …Read More

Natural Gas

The natural gas market was flat through the Monday’s session but sellers are in control of this market. The $2.82 level underneath is offering a bit of support and if it breaks below then the natural gas prices will roll further down towards the $2.75 level. Rallies in the market will continue to be a nice selling opportunity. …Read More