Gold climb above $1,800

The bearish pressure on gold prices seems to recede and the price starts to move upward. At the current time, the price climb above the daily SMA 200 also the $1,800 level. If the price could continue to maintain the bullish pressure then traders will expect continuation toward the $1,850 and $1,900 resistance level.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,953, $2,000

Silver bullish reversal?

Silver prices stop moving lower toward the $21.35 support level and look to make a bullish attempt. If the upward movement continues then the price is expected to reach the yellow box area soon to test it. A breakout and close above the area will confirm continuation toward the orange box area.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil continues moving toward $82.72 and $85.00?

Crude oil prices printed two bearish closes on the daily chart but no test on the $77.13 level yet. The price currently building bullish pressure and will attempt to continue the upward movement to target the $82.72 and $85.00 resistance levels. No bearish position suggestion as the price has reclaimed the $77.13 level. As long as the price stay above, $77.13, traders could enter more long positions on a bearish correction.

Today critical level to watch:

Support: $77.13, $71.22, $70.00

Resistance: $80.00, $82.72, $85.00