Gold start new bullish leg

Gold prices start to climb after the bounce from the green box area again. The price is expected to continue upward and test the previous swing high. If the price could break out higher, then it will target a new record high and $3,647.39 level. On the lower side, we could say the support level is located around $3,245 – $3,250. A breakout and close below the level might turn the trend bearish.

Today’s critical levels to watch:

Support: $3,250, $3,200, $3,150

Resistance: $3,350, $3,400, $3,500

Silver resume bullish movement

Silver prices start climbing again after the latest bearish correction hit the resistance turned support level. The price sweep below the level and clear stop order before turning higher. If the price could immediately gain with strong momentum, then traders could expect bullish continuation to target $40.00 and $40.757. On the lower side, we still see $35.25 as the major support level.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil turn lower again

Crude oil prices has climbed and printed higher high. However, the latest bullish movement seems experiencing bearish rejection from the $70.00 level. No breakout from the $65.00 – $70.00 area yet and currently the price will retest $65.00. Under current situation, it might be better to wait until breakout from the $65.00 – $70.00 range happen to confirm the next direction.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13