Gold climb toward $1,900

Gold prices continue its bullish movement and get near the $1,900 resistance level. The price has formed a higher swing high and is now expected to continue the long-term bullish trend. If the price turn lower then traders could enter long positions near the $1,850 support level.

Today critical levels to watch:

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

Resistance: $1,953, $2,000

Silver more consolidation

Silver prices are trading inside the yellow box area and might continue to trade inside it for now. The same as mentioned in the previous analysis, if the price could close above the yellow box area then there is a chance to continue toward the $25.00 – $26.00 area. On the lower side, $21.35 is the major support level to watch.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil continue moving inside the channel

Crude oil experienced bearish close yesterday near the bottom of the bullish channel. No breakout from the channel yet which means the current bullish tre3nd is expected to continue. Traders will use each bearish correction as a chance to enter long positions especially when the tension between Russia – Ukraine continues to build up.

Today critical level to watch:

Support: $90.00, $85.00, $82.72, $80.00

Resistance: $100.00