Gold reversed upside

Gold halted its drop after the precious metal turned positive in the previous trading day. It is traded at the middle of $1,280 – $1,300 and currently might attempt to move higher toward $1,300. When the test of $1,300 resistance happens, traders could look for short positions after a bearish pattern formed. As long as the pair stay inside the bearish channel then the bearish trend will continue.

Today critical levels to watch:

Support: $1,280

Resistance: $1,300, $1,320, $1,325

Silver stay inside $15.00 – $15.20

Silver dropped below $15.00 and print lower low in the previous day. But, before the day end, the price climbs back above $15.00 and close near its opening level. Today, the bull follow through by pushing the pair higher toward $15.20. Will a breakout happens and the silver price continues its upward movement? Alternatively, will silver stay inside $15.00 – $15.20 range?

Today Critical levels to watch:

Support: $15.00, $14.40

Resistance: $15.20, $15.60, $16.00

Crude oil no stop yet for the bull

The bullish sentiment continues in crude oil and the price closed higher in the previous day. The bull currently attempting to bring the price further upside. We think $65.00 is the upside target and could be reached in the coming days or weeks. On the lower side, traders could look for long positions near $60.00.

Today critical level to watch:

Support: $60.00, $57.60, $55.80

Resistance: $65.00