Gold trapped inside range

Gold prices mostly sideways this month and continue trading inside the range which formed at the beginning of the month. We still maintain bullish outlook on the price and expect bullish continuation from the current level. No change to the outlook, traders will continue to use the green box area as place to enter long positions when there are bullish reactions.

Today’s critical levels to watch:

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

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

Silver building base

Silver prices stay at the high and looks printing bullish candlestick again. The price is expected to continue the bullish movement toward $40.00 resistance level. At the current time, the $37.265 broken resistance level is the place to add long positions when retest happen. Traders who has long positions will place stop order below $35.25.

Support: $35.25

Resistance: $38.80, $40.00

Crude oil bullish continuation?

Crude oil prices are higher after the bullish pin bar pattern. The price move upward with moderate bullish momentum and might attempt to retest $70.00 resistance level. If the price could break out higher, then it will target the $77.13 resistance level again. On the lower side, the green box area still present and a close below the level might turn the trend bearish.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13