Gold tested the $1,680

Gold prices made a bearish attempt in today’s trading session and managed to reach the $1,680 support level. The price then makes a bullish reaction from the level and currently trading above the opening level. If gold prices could continue building more bullish pressure then the price might continue upward to target the $1,780 – $1,800 area.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver maintains the position above $18.50

Silver prices were under pressure today and moved below the $18.50 support level. However, the bearish pressure has receded and the price returned above the opening level. If silver prices could continue to maintain the position above $18.50 and bounce from it then we might see an upward continuation to test the $20.00 and $21.35 levels.

Today’s Critical levels to watch:

Support: $18.50

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

Crude oil retesting $95.25

Crude oil prices are back under bearish pressure today as the price reaches the $95.25 support level. The overall movement is bearish for now and traders will monitor the price reaction near the support level. If the price continues the downward movement and prints a new lower low then traders will prepare for a bearish continuation.

On the upside, a close above $106.00 will confirm a bullish continuation.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00