Gold building bullish pressure

Gold prices maintained its bullish situation and continued grinding upward. There is no change to the bullish situation yet. If the price could continue the bullish movement then traders will expect the formation of a new higher swing high. However, if the price turn lower again and close below $2,597 then the situation might turn bearish for medium-long term.

Today’s critical levels to watch:

Support: $2,600, $2,550, $2,530

Resistance: $2,685, $2,750, $2,800, $2,841

Silver stay no breakout from $29.00 – $30.00 yet

The consolidation of silver prices continue inside the $29.00 – $30.00 range. There is no sign of breakout yet but the price stick near the top of the range. Will the price finally breakout from the range and continue the upward movement? Alternatively, will it continue to consolidate between $29.00 – $30.00 for now?

Today’s Critical levels to watch:

Support: $30.00, $29.00

Resistance: $31.50, $32.50, $35.25

Crude oil moving sideways

Crude oil prices made another bullish attempt today but it looks like the price moving inside the previous day’s range. The price might continue the sideways movement for now before continuing toward $77.13. Alternatively, the price could turn lower again to target the $70.00 level. Traders who have long positions from $70.00 will continue to hold the positions for now.

Today’s critical level to watch:

Support: $70.00, $67.20, $65.00

Resistance: $77.13, $80.00, $83.85