Daily Oil, Gold, Silver Technical Analysis February 11, 2019

Gold looking for direction

Free $100 Forex No-Deposit Bonus

Gold closed higher in the previous day and indicate further upside. However, today gold opened lower and currently under pressure. No clue yet for gold next direction. On the global market, traders and investors brace for trade talks between U.S-China.

If gold continues lower then traders could watch $1,300 as the level to place long positions.

Today critical levels to watch:

Support: $1,300, $1,290, $1,280

Resistance: $1,337

Silver weakens in Asian and European session

A bearish correction happened today after Friday bullish close. Silver price is under pressure and might fall further to test $15.60 support level. The upside still open but it might not happen soon if $15.60 broken. Traders will continue to monitor the silver price movement at the current level. As long as there is no close below $15.60 we maintain the bullish view.

Today critical level to watch:

Support: $15.60, $15.20, $15.00, $14.40

Resistance: $16.00

Crude oil opened below $52.40

No breakout in the previous week and crude oil extend the ranging movement inside $52.40 – $54.50. However, at the start of the week, the price opened below $52.40 and risk further downside. Fortunately, there is no momentum movement yet and the price stick near $52.40. If the bull could close the price above $52.40 then it is possible for crude oil to continue inside $52.40 – $54.50.

Today critical level to watch:

Support: $52.40

Resistance: $54.50, $55.00, $57.60

Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.