Gold back on bullish path

Gold prices made two days bullish close after bearish retracement. The price situation is bullish for long-term, and each bearish correction is a chance for traders to add more long positions. If the price immediately continues the bullish movement, then it will target a new record high.

Today’s critical levels to watch:

Support: $2,900, $2,800

Resistance: $2,981, $3,000

Silver moving upward

Silver prices is set to continue the bullish trend to target a new higher swing high and the $35.25 long-term target. The price has returned above the $31.50 level and now attempting to extend the bullish movement. Traders will continue to use the $31.50 level as place to add more long positions when bearish correction happen. As long as the price manage to print new higher swing high and higher swing low, it is better to stick with long positions.

Today’s Critical levels to watch:

Support: $30.00, $29.00

Resistance: $31.50, $32.50, $35.25

Crude oil bearish continuation

The price of crude oil continues its bearish movement below $70.00 and manage to reach $67.20. The price will test the support level and might attempt to target previous swing low at $65.27. If the price closed below $65.00 then the long-term bearish trend might continue. On the upside, a close above $70.00 might turn the trend bullish.

Today’s critical level to watch:

Support: $67.20, $65.00

Resistance: $70.00, $77.13, $80.00, $83.85