Gold bounce from $1,900

The upward movement of gold prices has tested the $1,950 resistance level and there was bearish rejection. The price fell but maintain a position above the $1,900 handle. Russia – Ukraine situation has not turned better, Russian troops continue marching to the Ukraine capital. Under the current situation, gold prices are expected to continue to maintain bullish pressure and continue upward.

Today critical levels to watch:

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

Resistance: $1,953, $2,000

Silver set to retest $25.00 – $26.00 area

Similar to the gold prices movement, silver prices maintain the position above the support level and soon will attempt to retest the $25.00 – $26.00 area. On the downside, the yellow box area will become a support level to watch for long positions. A breakout and close above $26.00 is major bullish confirmation.

Today Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil extend bullish movement inside the channel

The only direction of crude oil is upward as Russia and Ukraine conflict continue to escalate. World oil supply will be disrupted and it will put more upward pressure on the price. Traders will continue to maintain a bullish outlook on the price for now with $100.00 as an upward target. When a bearish correction happens, traders could consider entering more long positions.

Today critical level to watch:

Support: $90.00, $85.00, $82.72, $80.00

Resistance: $100.00