Gold trade near $1,680 – $1,700

Gold prices continue the bearish movement and reached the $1,680 – $1,700 support level. There is no significant bullish reaction from the support area yet. Traders mostly will wait for a further reaction from the support area for confirmation on the next movement. If the price bounces upward then it might target the $1,780 – $1,800 area.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver more testing on $18.50

The bearish pressure on silver prices managed to produce a close below $18.50. At the end of the week, silver prices moved upward and closed above $18.50. Traders will continue to monitor the price reaction from the $18.50 support level. If the price could bounce with strong bullish momentum then it will target the $20.00 handle.

Today’s Critical levels to watch:

Support: $18.50

Resistance: $20.00, $21.35, $23.00, $23.90

Crude oil closed above $95.25

The trend of crude oil prices might have turned bearish after the breakout and closed below $100.00. Last week, the price tested the $95.25 support level and managed to maintain the close above it. Despite the situation, there is a chance of bearish continuation below $95.25 now. Traders will stay cautious and monitor the price reaction near the $95.25 support level.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00