Gold closed below $1,585

It is a bearish close below $1,585 which should trigger a further bearish reaction. However, gold prices immediately stage rally toward $1,600 level. No breakout above the level at the current time. If the bull could make a close above the resistance level then traders will expect the bullish pressure will continue in the coming days.

Today critical levels to watch:

Support: $1,585, $1,550

Resistance: $1,600, $1,680, $1,700

Silver stick near $14.00

No major break outside of $14.00 – $14.40 range yet. Silver prices continue to stick near the support level and suggesting further consolidation inside the range. At the current time, traders will continue to observe the price reaction near $14.00 – $14.40 range.

Today Critical levels to watch:

Support: $14.00, $13.00

Resistance: $14.40, $15.00

Crude oil closed near $20.00

The price of crude oil mostly sideways near $20.00 without major reactions. Yesterday, the bull attempt to make a bounce but at the end of the day the price return to its opening level. Today, there is not much movement happen yet. As long as the price could maintain closes above $20.00, there is chance for a bullish bounce in the price.

Today critical level to watch:

Support: $20.00

Resistance: $25.00, $28.74, $30.00