Gold consolidates near the daily SMA 200

Gold prices movement currently sideway near the daily SMA 200 and the $1,850 level. No conclusion yet on where the price will move next. If the price continues moving lower, then $1,780 – $1,800 is the area to watch as a target. On the upside, $1,900 is the upward target. We think the price still has a chance to continue its bullish trend following the rising inflation.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $1,953

Silver trading sideway

There is no change to the silver prices situation which trade sideway. The price hanging at the middle of $21.35 – $23.00 and is expected to continue trading sideways. If the price continues trading upward then $23.00 – $23.90 is the bullish target. On the lower side, $20.00 might become the bearish target.

Today’s Critical levels to watch:

Support: $21.35

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil $130.00 bullish target

Crude oil prices are on a bullish track to continue upward and target the $130.00 handle. Traders who have long positions will continue to hold the position for now. Meanwhile, traders who want to enter long positions will need to wait for a bearish correction toward the support level before entering positions.

Today’s critical level to watch:

Support: $106.00, $100.00, $95.25, $90.00

Resistance: $130.00