Gold bullish reversal

In early session, gold prices were under bearish pressure and fell below yesterday’s low. However, the situation changed and the price manage to climb above the opening level and looks will continue upward. If there is no change in the bullish situation, we could expect the price to continue upward and print new record high soon. Above the level, $4,600 and $4,670 could become the target to watch.

Today’s critical levels to watch:

Support: $4,380, $4,300, $4,250, $4,200

Resistance: $4,500, $4,670

Silver recover above yesterday’s low

Silver prices experience bearish pressure similar to gold prices action. The price managed to recover and currently trading above yesterday’s low, though still below the opening level. There is a chance that the price will attempt to move higher and test record high. As we mentioned before, the price hasn’t made any significant bearish correction. When the bearish correction happening, we might see sharp movement.

Today’s critical levels to watch:

Support: $70.00, $65.00, $60.00, $59.40, $55.00

Resistance: $80.00

Crude oil bullish reversal

Crude oil prices made a strong bullish move today, encompassing candles which formed from mid-December. It might be a strong signal that the bull is ready to push the price higher. Under the current situation, we will wait for a higher swing high formed and close above $60.00 to further confirm that the trend has turned bullish.

Today’s critical level to watch:

Support: $57.60, $55.00, $54.50, $52.4

Resistance: $60.00, $65.00, $67.20, $70.00, $77.13