Gold weak but no breakout

Gold bear continues pressing on $1,240 support level in Yesterday trading day. The price initially climbs to $1,245 high, but at the end of the day, the bear secure a close below opening level. Though it is bearish, there is no close below $1,240 yet, and the situation is neutral. As long as gold maintain the level above $1,240, there is a chance for the price to start moving upward.

Today critical level to watch:

Support: $1,240, $1,236

Resistance: $1,250, $1,260, $1,265

Silver critical moment

Silver weakness continues in the previous day. The price makes a lower close compared to Friday. Fortunately, there is no close below previous week low and no breakout below support trendline. This week focus is either bounce from the trendline or breakout below it.

Today critical level to watch:

Support: $15.60

Resistance: $16.00, $16.30, $16.50

Crude oil slide below $70.00

Crude oil finally settled below $70.00 and prompted further downside in the price. The long position might need to wait until the price reaches $65.78 or the red trendline. A short position could be taken when crude oil attempt to move higher and test $70.00.

Today critical level to watch:

Support: $65.78, $65.00

Resistance: $70.00, $72.50