Gold more bearish pressure

Gold prices could not break out and close above $1,780 – $1,800 area. The price currently under bearish pressure after the previous day’s drop. Fortunately, there is a bearish continuation yet and the price continues trading near its opening level. If the price could reverse its bearish pressure and close above $1,780 – $1,800 then traders will expect further bullish continuation toward daily SMA 200.

Today critical levels to watch:

Support: $1,750, $1,700, $1,680, $1,550, $1,500

Resistance: $1,780, $1,800

Silver stalemate at $26.00

There is no major reaction from the $26.00 handle yet. Yesterday, the price moving with a wide range but maintain close near $26.00. It seems the price will continue to stick near the $26.00 handle for now and waiting for further reaction. As long as the price could maintain close near $26.00 there is a chance for further upside.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude oil pressuring $65.00

Crude oil price managed to secure bullish close yesterday near the $65.00. It is only a matter of time the price will break $65.00 and close above it. Traders who have long positions will continue to hold the positions for now with $70.00 as a bullish target.

Today critical level to watch:

Support: $60.00, $57.60, $55.80, $54.50

Resistance: $65.00, $67.20, $70.00