Gold continues upward

A bullish movement occurred in gold prices which moved up yesterday. But this upward movement lost its bullish pressure and closed not far from the opening point. Currently, prices are still moving within yesterday’s movement range so the situation is still neutral. Traders will continue to take advantage of the decline in gold prices as an opportunity for long positions.

Today’s critical levels to watch:

Support: $2,000, $1,950, $1,900, $1,850, $1,800

Resistance: $2,069, $2,074

Silver trades near $23.00

Silver price is now near the $23.00 mark and is continuing its movement near it. Traders will now wait for a reaction from the $23.00 point. If the price continues its bullish movement then $23.90 will be the next target. On trend, silver price has returned to the $23.00 mark so the chances of further upside are quite high.

Today’s Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil testing $77.13

Crude oil prices are again experiencing bearish pressure near $77.13 currently. It seems that the price will still trade near the $77.13 level for now. Traders will continue to accumulate long positions because the chances of further bullishness are quite high. The next target is a close above $80.00 for bullish confirmation.

Today’s critical level to watch:

Support: $70.00

Resistance: $77.13, $80.00, $85.00, $90.00