Gold new lower low

The bearish pressure on gold prices managed to create a new lower low below the $1,780 support level. If the price continues moving lower and adds more bearish pressure then traders will prepare for long-term bearish continuation toward $1,500 – $1,550 area.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900

Silver bearish correction

Silver price made a bearish close yesterday and the price continues its downward movement today. It seems the bearish correction is in progress with $26.00 as the target. Traders could use the $26.00 support level as a place to enter long positions when there is a bullish reaction.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $30.00, $31.50

Crude oil maintain bullish pressure

Crude oil price closed the previous trading day near its opening level. The price currently under pressure and testing the previous day low. As long as there is no major bearish close then the price of crude oil is expected to extend its bullish trend. At the current time, $65.00 is the nearest target to watch.

Today critical level to watch:

Support: $60.00, $57.60

Resistance: $65.00