Gold extended the bounce from $1,700

Gold prices continue its upward movement after the bounce from $1,700 handle. The price has made two bullish closes and currently challenging previous Friday high. Without any change in the sentiment, it seems gold will continue its bullish movement and target $1,780 resistance level.

Today critical levels to watch:

Support: $1,700, $1,680, $1,650, $1,600

Resistance: $1,750, $1780

Silver climb above $18.00

The bullish pressure in silver prices continues as the price climb above $18.00 and getting near $18.50 resistance. If the price could breakout above $18.50 then traders will expect the bullish continuation toward $20.00. At the current time, traders will wait for the reaction inside $17.73 – $18.50.

Today Critical levels to watch:

Support: $17.73, $17.50, $17.00

Resistance: $18.00, $18.50

Crude oil further bullish close

No change to the medium-long-term outlook of crude oil which expected to reach $40.00 gap level. The price made further bullish close last Friday. Today, there is not much movement yet and crude oil sticks near its opening level. Traders could use $33.00 level as a reference to take long positions when there is pullback happen.

Today critical level to watch:

Support: $33.00,$30.00

Resistance:  $40.00