Gold inside box area

Gold prices undergo bearish pressure and currently trading inside the green box area. There is bullish attempt today, but limited near the top of box area. If the price continues moving lower, then traders could continue to accumulate long positions inside the area. Ont he lower side, a close below the box area will become the invalidation confirmation for bullish trend.

Today’s critical levels to watch:

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

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

Silver moving toward support

The bearish pressure on silver prices brought it lower today, but a recovery is in progress. Traders seems taking the latest FOMC meeting negative, which bring the U.S. dollar index higher. Silver prices might temporarily under bearish pressure and might target the $35.25 level. A breakout and close below the level for a few days will confirm a bearish reversal. Meanwhile, a stop order wipe and price wick to the upside might become a strong bullish signal.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil limited below $70.00

Crude oil prices experience bullish pressure and climb from $65.00 to $70.00. At the current time, the price attempting to continue the upward movement, but limited near $70.00. We might see consolidation near the level for now. If the price could break out and close above the level, then it will continue the upward movement to target $77.13.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13