Gold brewing bullish momentum

The price of gold under pressure since the beginning of the day and fell below the previous day low. But, the bull manages to return the price upside and currently gold getting near $1,430 resistance. We might see the resistance tested before the end of the week. If the resistance level is broken then gold expected to continue its uptrend toward $1,500.

Today critical levels to watch:

Support: $1,400, $1,390, $1,380

Resistance: $1,430, $1,450, $1,500

Silver bull unstoppable

Silver launch higher after the breakout above triangle pattern. The price surpassed $15.60 resistance and almost reach $16.00. It is better for traders to avoid short position for now as the bullish momentum is strong. If the price turn lower then traders could look for long positions near $15.60.

Today Critical levels to watch:

Support: $15.60, $15.20

Resistance: $16.00

Crude oil confirmed the bearish trend

Crude oil entered a short-term bearish trend after the breakout confirmation below the bearish engulfing pattern. The price attempted to move back above $60.00 but rejected from the resistance level. At the current time, $57.60 broken downside and the price might extend bearish trend toward $55.80 or lower.

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60, $60.00, $65.00