Gold maintains the position above SMA 200

Gold prices experienced bearish pressure yesterday but managed to maintain the positions above daily SMA 200. The precious metal currently moving upward but still trade inside the previous day trading. If the price could continue to add more bullish pressure and trade above the previous week’s high then it might reach $1,850 before the end of the week.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850

Silver looking to rally toward $25.00 – $26.00?

The upward movement of silver prices ended near its opening level yesterday. At the current time the price attempting to move upward and continue the breakout from the yellow box area. If the price continues moving upward then the $25.00 – $26.00 area is the bullish target.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil waiting for $70.00 test

Crude oil prices were under bearish pressure yesterday but managed to bounce and close near its opening level. The price is expected to continue to build bullish pressure to test the $70.00 handle. If the price could close above $70.00 then the bullish trend is expected to continue.

Today critical level to watch:

Support: $67.20, $65.00, $60.00

Resistance: $70.00, $77.13