Gold upward pressure

Gold prices currently moving upward to test the top of range $1,800. If the price could maintain the bullish pressure and close above $1,800 at the end of day then the bullish movement could continue next week. On the other hand, if the price make a bearish rejection and close below daily SMA 200 then there is chance of bearish continuation in the coming week.

Today’s critical levels to watch:

Support: $1,700, $1,680, $1,600, $1,585

Resistance: $1,780, $1,800

Silver climb above $23.00

Silver prices closed near the $23.00 resistance level yesterday. The price currently moving upward and surpass the previous day’s high. If the price could continue the bullish movement then traders will expect a test on the $23.90 resistance level. On the upside, $25.00 – $26.00 will become the area to watch as a target.

Today’s Critical levels to watch:

Support: $21.35, $20.00, $18.50, $17.73

Resistance: $23.00, $23.90

Crude oil set to reach $70.00

Crude oil prices continue moving lower and soon will reach the $70.00 support level. There is no change to the situation and traders will continue to avoid long positions. If the price could bounce from the $70.00 handle then traders could enter long positions with $77.13 as an upward target.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $85.00, $90.00, $95.25