Gold rejected from $1,260 – $1,265 area

Gold made a prospective bullish jump in the previous day. Unfortunately, the bull could not hold out against selling at $1,260 – $1,265 area and the price close inside the previous week range. The rejection from $1,260 – $1,265 is not good for the bull. However, there is a possibility the rejection translate into supply clearing.

Traders will watch the price movement and see if the bear could widen the distance from $1,260 – $1,265 area.

Today critical level to watch:

Support: $1,250, $1,240, $1,236

Resistance: $1,260, $1,265

Silver stick near $16.00

Silver notch gain at the beginning of the week but the price stick near $16.00. No direction has seen yet, and the precious metal could tumble from the current level or continue further higher. The key for this week is where the price closed at the end of the week. Will the price close below $16.00 or above it?

Today critical level to watch:

Support: $16.00, $15.60

Resistance: $16.30, $16.50

Crude oil continues sideway

The projection of crude oil continues unchanged as the price stays inside the first and second extension level. Without any movement outside of the range, we expect more sideways movement. Traders could continue to trade the range until breakout happens.

Today critical level to watch:

Support: $72.50, $70.00

Resistance: $74.80, $75.00