Gold closed near $2,000

Gold continue its bullish movement and closed near $2,000 handle yesterday. The price has not breakout above the level yet. At the current time, the price makes a bearish reaction and might attempt to move lower. Traders will wait for further reaction from the level. As the trend continues bullish, it is better to avoid short positions.

Today critical levels to watch:

Support: $1,950, $1,900, $1,800

Resistance: $2,000, $2,050

Silver no bullish continuation yet

The price of silver resume its bullish movement yesterday and printed higher high. However, the price retreat and closed near Monday high. No bullish confirmation yet at the current time. We think the price could continue its bullish movement but need to wait for further bullish confirmation.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35

Resistance: $30.00

Crude oil more consolidation

No major change to the crude oil direction yet. The price continues moving sideway near the current level. It is expected to continue the bullish trend but with slow upward momentum. Traders will continue to avoid short positions for now.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00