Gold reach the $1,680 resistance

The bullish pressure on gold prices continue and manage to bring the price to hit $1,680 resistance today. Without any change in the direction, traders could expect the price to hit $1,700 soon. On the other side, traders could consider entering short positions when there is a major bearish reaction near $1,680 – $1,700

Today critical levels to watch:

Support: $1,600, $1,585, $1,550

Resistance: $1,680, $1,700

Silver bullish attempt above $15.20

There is a bullish attempt to bring silver prices higher today. The bullish attempt has surpassed $15.20 resistance and set to test Wednesday high. If the price could close above $15.60 then traders will expect further upside in the silver prices.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60

Crude oil rejected from the level near $28.74

OPEC has reached a deal to cut oil production by 10 million barrels a day in May and June. The cut is less than the decline of oil demand which causes crude oil prices to turn lower today. The price got rejected from the resistance level $28.74 and might target $20.00 support level.

No change to the outlook of crude oil prices which span between $20.00 – $28.74.

Today critical level to watch:

Support:$20.00

Resistance: $25.00, $28.74, $30.00