Gold bearish correction

Gold prices managed to close higher last week and set to continue its upward movement toward $1,780. However, the precious metal currently on the path lower and seems will target $1,700 handle. If the price manages to reach $1,680 – $1,700 then traders could consider entering long positions.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,750, $1,780

Silver no breakout above $15.20

Silver prices continue limited below $15.20 resistance without any sign of a bullish breakout. The price continues limited and all bullish attempts always ended with a close near $15.20. At the current time, traders will continue waiting for the reaction from the $15.20 resistance level.

Today Critical levels to watch:

Support: $15.00, $14.40

Resistance: $15.20, $15.60, $16.00

Crude oil on the path lower

The bullish correction in crude oil prices could not bring the price to reach $20.00 handle. The price currently on the path lower and currently trading at $12.39. If the price continue lower then traders will observe the price reaction at $10.00 support level. Major bullish reaction from the support level will be the sign to enter long positions.

Today critical level to watch:

Support: $10.00, $0

Resistance: $20.00