Gold move further higher

In the previous day, gold continue its bullish pressure and manage to close the day on the positive side. The precious metal movement almost touches the top of the channel but it seems the bear return to the market and pushes the price lower today. If the bear could push the price and close it below $1,300 then gold might be ready to resume its bearish trend inside the channel.

Today critical levels to watch:

Support: $1,300, $1,280

Resistance: $1,320, $1,325

Silver no movement outside of $15.00 – $15.20

Silver continues its ranging movement inside $15.00 – $15.20 and not showing any sign breakout yet. The price slightly lower today but maintain the movement inside the previous day range. We think the precious metal will start to move down and test $15.00.

Today Critical levels to watch:

Support: $15.00, $14.40

Resistance: $15.20, $15.60, $16.00

Crude oil hovering below $65.00

Crude oil is extremely bullish as the conflict continues to take place in Libya. However, the bullish pressure seems to take a pause near $65.00 and there is not much movement near the resistance yet. The market might be waiting for the development of U.S-China trade talk and the new development of trade tension between the U.S and Europe.

Today critical level to watch:

Support: $60.00, $57.60, $55.80

Resistance: $65.00