Gold extended bullish movement toward $1,850 and SMA 200

There was another bullish close in gold prices. The price traded higher and currently getting near the $1,850 and daily SMA 200 resistances. If the price could breakout and close above both levels then traders will expect further bullish continuation toward $1,900, $1,950, and $2,000.

At the current time, it is better to wait for a reaction from both resistance levels.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900, $1,950, $2,000

Silver time for bullish continuation?

Silver prices bounced from the $26.00 support level and continue to add more bullish close. Without any major change, we think the price could continue upward and target $30.00, $31.50 resistances. Traders could continue to use $25.00 – $26.00 as the area to enter long positions.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude oil sixth consecutive bullish days

The upward movement of crude oil continues to be unstoppable. The price has closed above $57.60 and is set to target the $60.00 handle. Without any change in the sentiment then traders will continue to hold long positions. If the price makes a bearish correction toward $54.50 – $55.00 then traders could enter long positions.

Today critical level to watch:

Support: $57.60, $55.80, $55.00, $54.50

Resistance: $60.00