Gold printed higher high

Gold prices continue its bullish close yesterday. The price also moving above the previous week and expected to test $1,900 soon. We have initial bullish confirmation for now and traders will expect the price to start moving upward toward $1,900 and $2,000 in the long-term.

If a bearish correction happens then traders could use $1,850 as a level to enter long positions.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $2,000

Silver closed inside $25.00 – $26.00 area

Silver price closed inside the $25.00 – $26.00 as mentioned before and the price expected to extend its bullish movement. Traders will expect the price to consolidate inside the area and making a bullish breakout next. Short positions are not suggested as silver current bullish movement is driven by the triangle breakout.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00

Crude oil more bullish close

Crude oil will reach $49.00 and $50.00 resistance soon. It could happen this year or next year. Under the current situation, traders will continue to hold long positions and avoid short positions until there is a major bearish reaction.

Today critical level to watch:

Support: $45.00, $40.00, $38.50

Resistance: $49.00, $50.00