Gold further bearish close

Gold initially supported near $1,650 support level. However, the price continues lower and close below the level at the end of the day. Its attempt to move higher but get rejected near $1,650. Today, we might see gold prices extend its bearish movement and target $1,586.15 support level in the medium-term.

Today critical levels to watch:

Support: $1,625, $1,600

Resistance: $1,650, $1,700

Silver could not produce bullish close

No bullish indication in the silver prices yet. The price continues its bearish close for the third day and currently testing $16.50 support level. If the price close below $16.50 then traders will prepare for further bearish pressure toward $16.00.

Today Critical levels to watch:

Support: $16.50, $16.00

Resistance: $16.80, $17.00

Crude oil bearish continuation?

The weakness of crude oil is expected in the future as price war between Saudi, Russia, and U.S commenced. Similar to the previous day analysis, the price expected to continue lower and target $20.00 in the long-term.

Today critical level to watch:

Support: $30.00

Resistance: $33.00, $40.00