Gold extend bullish movement

Gold has bounced from the green box area and currently continue adding gain. If there is no change to the bullish sentiment, then the price will continue moving above latest swing high and target $3,500 handle. Despite the bullish situation, if there is another bearish attempt, then it must hold-on above the newest swing low to avoid structure break. Traders could place stop order below $3,227 anticipating invalidation of bullish trend.

Today’s critical levels to watch:

Support: $3,250, $3,200, $3,150

Resistance: $3,350, $3,400, $3,500

Silver continue consolidation

The movement of silver prices is bullish today but looks contained within 1 week range. The price might continue the consolidation and waiting for breakout. We still expect the price to continue the upward movement to target $38.34 and $40.00 resistance levels. Whenever the price getting near $35.25, traders could continue to add more long positions.

Today’s Critical levels to watch:

Support: $35.25

Resistance: $38.34, $40.00

Crude oil bounce from $65.00

The bull seems winning the game and building bullish pressure above $65.00. The price is moving upward with moderate momentum and might extend toward the $70.00 level. If the price could breakout above $70.00 then traders could expect continuation to retest $77.13. As of now, the price has printed higher swing low and higher swing high, it means the bull still in control.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13