Gold continues trading sideways

The movement near $1,680 – $1,700 area continue for now. Traders will continue to monitor the price reaction near the area. If the price could bounce from the area then there is a chance of bullish continuation to retest $1,780 – $1,800. However, a breakout and close below $1,680 will confirm a bearish continuation.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver waiting reaction at $18.50

Silver prices are mostly sideways near the $18.50 support level. There is no significant reaction from the support level yet. If the price could bounce from the level, we might see upward movement to test $20.00 and $21.35. It is better to wait for a further reaction from the $18.50 support level for now.

Today’s Critical levels to watch:

Support: $18.50

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

Crude oil bounced from $95.25

Crude oil prices trading upward after the bounce from the $95.25 support level. The price managed to close above the $100.00 handle and now might trade between the $100.00 – $106.00 area. No higher high is printed on the chart yet means the bearish trend has not broken yet. If the price could close above $106.00 then we might have a bullish continuation.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00