Gold stabilize

The bearish correction of gold prices lost momentum. No continuation to move below $3,000 level, it means the bullish pressure is strong. We might see bullish continuation soon to target the $3,100 level next. However, if bearish correction continue then the $2,955 – $3,000 area is the place to look for long positions.

Today’s critical levels to watch:

Support: $3,000, $2,981, $2,900, $2,800

Resistance: $3,100

Silver bounced from $33.00

Silver prices bounced from the $33.00 support level with strong bullish momentum. The price will continue its bullish trend to target the $35.25 upside target. On the lower side, $33.00 is the support level, a movement below the level might stall the current bullish trend and bring the price further lower to test $31.50.

Today’s Critical levels to watch:

Support: $33.00, $32.50, $31.50

Resistance: $35.25

Crude oil almost reach $70.00

After the bounce from $70.00 level, crude oil prices slowly gain and almost reach the $70.00 level. When the price reaches the $70.00 level, traders will wait for reactions. If the price gets rejected with strong bearish reactions, then traders could enter short positions targeting $67.20.

Today’s critical level to watch:

Support: $65.00

Resistance: $67.20, $70.00, $77.13, $80.00, $83.85