Gold holding out at $1,280

The price of gold attempted to bounce from the support level $1,280 but the bullish attempt losing momentum. At the current time, the precious metal is traded near its opening level. We might see another close near $1,280. As long as gold could maintain a position above $1,280 this week then the precious metal should bounce toward $1,300.

Today critical level to watch:

Support: $1,280

Resistance: $1,290, $1,300

Silver further pullback

The pullback of silver might have reached its end as Silver turn bullish today. The price has not closed yet but it seems the bull will seize the day and start a new bullish leg from the current level. Traders could start looking for a long position with a stop below today low.

Today critical level to watch:

Support:  $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil bearish correction below $54.50

Crude oil turned lower today after it reached a level near $54.50 in the previous day. The bearish pressure brought the price down below $52.40 but the bull manages to recover losses. Will it maintain the level above $52.40 by the end of the day?

Today critical level to watch:

Support: $52.40, $50.00, $49.00

Resistance: $54.50, $55.00