Gold looking to add gain
The price of gold bounce from $1,325 and head higher in the previous trading day. It is limited below $1,337 and settled below it by the end of the day. At the current time, no breakout happen and gold might continue sideways between $1,325 – $1,337 until breakout happen.
Today critical levels to watch:
Support: $1,325, $1,320, $1,300
Silver bullish with weak bounce
Silver managed to bounce from the top of the channel but the bounce has weak momentum. It is currently trying to add more gain. Will it continue upward and test $15.00 resistance and break it?
Today Critical levels to watch:
Support: $14.40, $14.00
Resistance: $14.80, $15.00
Crude oil bearish close below $52.40
The rejection from $54.50 resistance brought crude oil lower and close below $52.40. No reason to take a long position yet and the price expected to continue toward $50.00 support. Traders could prepare for long positions near $50.00 when there are bullish reactions.
Today critical level to watch:
Resistance: $54.50, $55.00, $57.60