Gold bullish pressure

Gold prices continue pressuring to the upside, but no higher swing high is printed on the chart yet. At the current time, the price might consolidate inside the triangle pattern and traders will wait for further development. If the price could breakout higher then the bullish trend could continue toward $1,850 and higher.

Today critical levels to watch:

Support: $1,800, $1,780

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

Silver testing the yellow box area

The bullish pressure on silver prices toward the yellow box area continues. However, there is no major bullish breakout yet. The price is expected to continue trading sideways near the area for now. If the price could climb and close above the yellow box area then it will target the $25.00 – $26.00 area next.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil set to test $85.00 resistance level

The bullish movement of crude oil prices finally open the path toward the $85.00 resistance level. The price is expected to test the resistance level soon. No change to the analysis yet, the price might breakout above $85.00 and continue toward the $90.00 and $100.00 resistance level. Traders might want to avoid short positions until a major bearish reaction happen.

Today critical level to watch:

Support: $82.72, $80.00

Resistance: $85.00, $90.00, $100.00