Gold more weakness is seen

Gold closed above $1,250 on the weekly and monthly chart which is a safe situation for the bull. However, the precious metal still under threat of further bearish pressure below $1,250. Today, the bear is pressuring the price and push it below $1,250. Will we see a bearish continuation from current level toward $1,220?

Today critical level to watch:

Support: $1,250

Resistance: $1,260, $1,265, $1,280

Silver continuation toward trendline?

Silver fall at the open of today trading session, the price almost moves below previous week low and trigger continuation toward trendline. At the current time, traders will wait until the close of the daily candlestick to determine if continuation will happen or not.

Today critical level to watch:

Support: $16.00

Resistance: $16.30, $16.50, $16.80, $17.00

Crude oil unstopable

No stop yet to the bullish movement in crude oil despite the lower open today. The price bounced from first Fibonacci extension level and heading toward the second extension level. There are two scenarios to consider at the current time.

1. Crude oil ranging movement between first and second extension level

2. The price shoot past second extension level and target $77.13

Today critical level to watch:

Support: $72.50, $70.00

Resistance: $74.80, $75.00