Gold waiting for a breakout

The price of gold continues its close between $1,800 and the daily SMA 200. There is no breakout yet which means the situation continues the same as the previous day. Traders will continue waiting for a breakout and close outside of the range to confirm the next long-term direction.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850, $1,900

Silver waiting for $25.00 – $26.00 breakout

The consolidation between $25.00 – $26.00 is still in progress and traders will continue waiting for a breakout of the range. A close above $26.00 which is followed by a higher high will become major bullish confirmation. Meanwhile, a close below $25.00 followed by a lower low is a major bearish confirmation.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $29.00, $30.00, $31.50

Crude oil testing $70.00 handle

Crude oil prices made a bearish close yesterday and there is bearish follow-through today. The price is testing the $70.00 support level where traders could consider long positions. If the price could maintain the close above $70.00 and bounce from it then traders could enter long positions.

Today critical level to watch:

Support: $70.00, $67.20, $65.00, $60.00

Resistance: $77.13