Gold bullish attempt

Gold prices moving upward slowly and will attempt to break free from ranging situation (Lower swing high, higher swing low). If the price could climb sharply, and print a new close with higher swing high, then the bullish trend will continue. Traders who has long positions from the green box area, will continue to hold the positions now.

Today’s critical levels to watch:

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

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

Silver challenging the top

Silver prices move upward with moderate bullish momentum. The price keep testing the top of range at $37.265. If it manages to breakout sharply above the level, then the bullish trend will continue. On the upside, the price will target $38.80 and $40.00. If the price fails to breakout higher, then it will continue the ranging movement between $35.25 – 37.265.

Today’s Critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil trade near box area

The price of crude oil is supported by the green box area, and the nearest support level are $67.20 and $65.00. No conclusion yet for the next movement, but, the longer the price stay below $70.00, it might resume the bearish movement to clear stop below $65.00. Despite the situation, we maintain bullish outlook on the price as long as the bullish structure stay intact.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13