Gold time for correction

Gold managed to climb above $1,430 in the previous trading day, but the precious metal settled below the resistance by the end of the day. Currently, the bear seizes the control and bring the price lower. Gold is not far from $1,400 and $1,390, we might see further bearish pressure toward the support level. Traders could prepare for long positions when gold reaches $1,390 – $1,400 and form a bullish pattern.

Today critical levels to watch:

Support: $1,400, $1,390, $1,380

Resistance: $1,430, $1,450, $1,500

Silver testing $15.20 support level

Silver prices follow gold prices direction and move lower. The price currently testing $15.20 support level. Will silver bounce from $15.20 or continue lower to test $15.00? today closing level will determine where the price will move next. Long positions inside $15.00 -$15.20 could be considered when there is a bullish reaction.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.80

Resistance: $15.60

Crude oil getting near $60.00

Crude oil opened higher today and getting near $60.00 resistance as expected. At the current time, traders will wait for the reaction when the price tested $60.00. A strong bearish reaction will trigger selling toward $57.60. Traders could look for a long position near $54.50 – $57.60.

Today critical level to watch:

Support: $57.60, $55.80, $55.00, $54.50

Resistance: $60.00