Gold bull supported $1,250

The price holds its ground above $1,250 and form bullish candlestick with a long tail.  If the candlestick high broken, gold should continue higher and test the blue trendline before reaching $1,280 – $1,300. In the previous day, we mention $1,250 is a good level to place long position. There is another opportunity for the bull trader to trade the break of Monday high.

Today critical level to watch:

Support: $1,250, $1,244, $1,237, $1,233, $1,229

Resistance: $1,260, $1,280, $1,300

Silver found support

The price of silver found support near the $17.80 level which is expected as written in previous day analysis. If the bull followed through with a break above previous candle high, it would continue to challenge $18.50.

Today critical level to watch:

Support: $17.80, $17.50, $17.20, $17.00

Resistance: $18.00, $18.50, $18.95

Crude oil reclaim $52.40

Since the hard slide below $52.40 support level, crude oil manages to close above this level on Monday. The close above $52.40 is significant and should push the price further upward. $54.50 is the nearest resistance level which is vulnerable to bull attack, the close above it will open long term target between $58 – $60.

Today critical level to watch:

Support: $52.40, $51.50, $50.00

Resistance: $54.50, $55.00