Gold no close above $1,780

Gold prices settled below the $1,780 level and indicate further consolidation near the $1,780 – $1,800 area. The situation is neutral, however, the longer the consolidation phase, the higher the risk of further weakness. At the current time, traders will continue to monitor the closing level of the price at the end of the days.

Today critical levels to watch:

Support: $1,780, $1,700, $1,680

Resistance: $1,800, $1,850, $1,900

Silver further consolidation

The upward pressure in silver prices could not close the day above $26.00. Silver prices are expected to continue its consolidation near $26.00. No clue yet where the price will move next. If the price continues moving lower then traders could use $25.00 as a level to enter long positions.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $29.00, $30.00, $31.50

Crude oil waiting for further bullish pressure

The price of crude oil looks trading sideways after the bounce from the $70.00 support level. It is waiting for further bullish pressure to continue its upward movement toward the $77.13 resistance level. There is no change to the outlook yet, traders will continue to hold long positions.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13