Gold more bearish pressure

Gold prices losing more ground and printed a lower low on the daily chart. There is further bearish pressure today but no lower low printed. If the price could stage a recovery and make a close above $1,800 then the bullish trend is expected to resume to test daily SMA 200.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800, $1,850, $1,900

Silver continue consolidation

Silver prices pushed lower yesterday from the $26.00 resistance level. No bearish continuation yet today but if the price continues moving lower then $25.00 is the target. Traders might want to continue to observe the price movement until the release of U.S job data this week before jump in major positions.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

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

Crude oil more sideway movement

Crude oil prices pushed lower yesterday but managed to stage recovery to close on the positive side. The price will continue its sideways movement at the current level with a bullish bias. If the price starts a bearish correction toward $70.00 then traders could add more long positions.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13