Gold ready to launch

The gold correction has reached $1,337 and move as low as $1,334 before turning up. Currently, the precious metal traded at $1,343 and looks will continue its bullish trend. Traders who enter long position between $1,337 – $1,340 could hold the long position and target level above the previous high. For long-term, gold needs to clear $1,390 – $1,400 before it could turn more bullish.

Today critical level to watch:

Support: $1,340, $1,337, $1,325, $1,320, $1,300

Resistance: $1,357, $1,360

Silver find footing near $17.00

Silver finally find footing near $17.00 support today. The precious metal ready to continue its previous bullish leg. $17.50 continue work as resistance, the bull needs to clear it, also $17.73.

Today critical level to watch:

Support: $17.00, $16.80, $16.50

Resistance: $17.50, $17.73, $18.00, $18.50.

Crude oil time for a correction?

The price of crude oil moving down today, testing the $65.00 support level. There is trendline support present also. Depend on the close of the day, and traders might be able to place long position and ride the upward movement. However, a close below $65.00 and the trendline might indicate the deeper correction.

Today critical level to watch:

Support: $65.00, $62.80, $62.50, $60.00

Resistance: