Gold bullish attempt

No bearish continuation after the latest bearish candlestick close. Gold prices stabilized and make a bullish attempt today. However, the upward momentum seems waning. If the price could immediately climb, then it will test the top of consolidation range. On the other hand, if the price turn lower again, then there is chance of test on the green box area.

Today’s critical levels to watch:

Support: $3,350, $3,250, $3,200, $3,150

Resistance: $3,400, $3,500

Silver bullish continuation

Silver prices climb and erased all the loss at the beginning of the week. If the price could maintain the bullish pressure and close near the current level, then it will confirm the bullish continuation. We still expect the price to continue the upward movement to target $40.00 and $41.632 level. On the lower side, as long as the price stay above $35.25, the trend is bullish.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil bearish continuation

Crude oil price slowly pushed lower below the green box area and print new lower low each day. It seems the price could continue the bearish movement with few bullish corrections. On the lower side, the $60.00 and $57.60 level will become targets to watch. On the upside, $70.00 is the major level which will change the trend when broken to the upside.

Today’s critical level to watch:

Support: $60.00, $52.4

Resistance: $65.00, $67.20, $70.00, $77.13