Gold bullish reversal

A strong bullish movement happen today in gold prices. The price almost touches the green box area, but it looks like the bull is not letting the price fall again. As the situation of gold prices has been sideways between $3,250 – $3,450, traders could use the range for sideways strategies. However, it is better to stick with bullish bias and always enter long positions when the price reach bottom of consolidation range.

Today’s critical levels to watch:

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

Resistance: $3,400, $3,500

Silver bullish reversal

A bearish push happen today in silver prices. We have new lower low, but a strong bullish reversal happen and currently the price trading above the opening level. Moreover, the upward movement almost erased all previous day’s losses. If silver prices continue moving upward, then traders could expect another attempt to target $40.00 and $41.632.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil continue consolidation

The price has been trading below the green box area and currently consolidating near it. No bearish continuation confirmation yet. If the price continues the bearish movement, then it could target the $60.00 level. On the other hand, a close above the box area might open the path toward $70.00. A close above $70.00 or new higher swing high will confirm the bullish continuation.

Today’s critical level to watch:

Support: $60.00, $52.4

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