Gold bullish attempt toward $1,800

Gold prices were rejected from the $1,800 handle at the beginning of the week. The price then tests the $1,780 level and bounces from it yesterday. At the current time, the price seems trading upward and will retest the $1,800 handle. Will the price breaks out from the $1,780 – $1,800 area before the end of the week?

Today critical levels to watch:

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

Resistance: $1,800

Silver continues consolidation inside the yellow box area

Silver prices were rejected from the top of the yellow box area yesterday. But the price seems to maintain the bullish pressure today and might retest the top of the range. On the upside, $25.00 – $26.00 is the resistance area to watch. On the downside, $21.35 is the support level to watch.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil continue moving upward to $70.00

The bullish pressure on crude oil prices continues to build up. The price is expected to test the $70.00 handle soon. If the price could close above the $70.00 handle then the bullish trend could continue. At the current time, we are waiting for a lower high to confirm a bearish continuation.

Today critical level to watch:

Support: $65.00, $60.00

Resistance: $67.20