Gold slightly lower from $1,900

The upward movement of gold prices managed to reach the $1,900 resistance level. There is bearish rejection today as the global situation improved a little on Russia – Ukraine conflict. Gold prices might start a bearish correction toward the $1,850 support level. We might see a bounce from the level and bullish continuation to target the $2,000 handle.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,953, $2,000

Silver testing the yellow box area

Silver prices traded upward and closed near the top of the yellow box area. The price has not closed outside of the box area and is expected to continue to consolidate inside it. Traders will wait for a close outside of the box area to get confirmation on the next direction. Meanwhile, if a bearish correction happens, traders could use the moment to add more long positions.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil testing $90.00 handle

There is no change to the current bullish situation of the crude oil prices which move inside a bullish channel. The price is currently under bearish pressure and testing the $90.00 handle. If the price could bounce from the level then traders could add more long positions and put the stop order below the level.

Today critical level to watch:

Support: $90.00, $85.00, $82.72, $80.00

Resistance: $100.00