Gold losing momentum near $1,300

Gold reacted bearishly today after its attempt to move higher toward $1,300. The price continues to trade at the middle of $1,280 – $1,300 range. We expect the ranging will continue until there is a conclusion on trade wars or the Fed interest-rate decision.

Today critical level to watch:

Support: $1,280

Resistance: $1,290, $1,300

Silver stick near $15.60

No major movement yet in silver, the price stick near $15.60 even though it has a bullish advantage. We think the precious metal has more chance to rally further upside. However, a correction below $15.60 also an appealing scenario where traders could look for long positions near $15.00.

Today critical level to watch:

Support:  $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil maintain price near high

The price of crude oil stick near the resistance $52.40 the entire day. No rejection from the resistance and it is possible the price could climb futher toward $54.50. However, if crude oil drifted lower then traders could use $49.00 – $50.00 as the level to take long positions.

Today critical level to watch:

Support: $50.00, $49.00

Resistance: $52.40