Gold bearish rejection

Yesterday, gold prices extend its bullish movement toward $1,680. However, the precious metal shows bearish rejection from the top and closed the day on the bearish side. Today, there is not much reaction yet in the market. If gold prices could continue moving upward and close above $1,680 – $1,700 then traders will expect the continuation of the long-term bullish trends.

Today critical levels to watch:

Support: $1,600, $1,585, $1,550

Resistance: $1,680, $1,700

Silver bearish pin bar pattern

The bullish movement in silver prices come under pause after the previous bullish attempt ended in a bearish pin bar pattern. No bearish follow-through yet in today’s trading session. If silver could continue to maintain the positions above the previous day low then it still has a chance to move above $15.20.

Today Critical levels to watch:

Support: $15.00, $14.40, $14.00

Resistance: $15.20

Crude oil moving as expected

The price of crude oil has completed its bullish correction and reach $28.74. It is currently experiencing bearish movement and might target $20.00 handle again. We think the price will continue its consolidation inside $20.00 – $28.74 – $30.00 for now.

Today critical level to watch:

Support: $20.00

Resistance: $25.00, $28.74, $30.00