Gold stick to the box area

Consolidation continues in gold prices which are near the green box area. The price movement has not shown any indication of the next direction of movement. Will prices rise and erase all the decline that occurred at the beginning of June? Or will the price continue to weaken below the low point of the candlestick?

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance: $2,400

Silver slightly moving upward

An increase was seen in silver prices today even though they were still within the range of last week’s movement. The trend is still bullish for the long term and traders will maintain long positions for now. However, if the decline below the $29.00 level continues then there is a chance of a bearish movement towards the $25.00 – $26.00 area. The $30.00 and $31.50 points are the closest upside targets.

Today’s Critical levels to watch:

Support: $30.00, $26.00, $25.00, $23.90, $23.00

Resistance: $31.50, $35.25

Crude oil continues upward movement

The price of crude oil has reached above $80.00 and has also surpassed the high point formed in May. The price has a chance to continue rising towards $83.85 and $90.00 if a bullish trend starts. If weakness occurs, the $80.00 point is a support point that traders can use as a place to add to long positions.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $83.85, $85.00, $90.00