Gold stay bullish

Gold prices continue to maintain the position above the green box area and always bounce from the $3,300 level. However, we could say the high keep getting lower on the daily chart. If there is no immediate breakout to the upside, then the support level might be broken to the downside. Nevertheless, we maintain a bullish view on the price and will continue to use the green box area as a place to add long positions.

Today’s critical levels to watch:

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

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

Silver bearish pressure

The price of silver undergoing bearish turn today but stay inside previous day’s range. There is no major confirmation on the direction of silver prices yet. At the current time, the price will continue moving between $35.25 – $37.265 range. Traders could continue to accumulate long positions when the price reach the bottom of the range.

Today’s Critical levels to watch:

Support: $35.25

Resistance: $38.34, $40.00

Crude oil looking to retest $70.00

Crude oil prices mostly neutral today as the price attempt to continue the bullish movement. It might close the day near the opening level and wait for further confirmation. If the price could break out above $70.00 then it will target $77.13 next. As mentioned before, the price structure is bullish and traders better avoid shorting until a new lower swing low printed on the chart.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13