Gold resume bullish movement

Gold prices bearish correction has been completed as the price start moving upward again and print new higher high. The price is expected to continue moving bullishly toward $3,000 level. Buying at the current level might be high risk, however, if gold prices immediately move upward with strong momentum then it might be a good idea with stop level below $2,879

Today’s critical levels to watch:

Support: $2,900, $2,800

Resistance: $2,981, $3,000

Silver bullish continuation

Silver prices extended the bullish movement today after a strong bullish close yesterday. The price might not stop and reverse the bullish movement now. It is on the verge of break out and print new higher swing high. As mentioned before, each bearish correction in the price is a chance for traders to add more long positions.

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil bounced from $65.00

Another bullish bounce experienced by crude oil prices. It broke above the $67.20 with moderate bullish momentum and looks will maintain the bullish pressure. If the price immediately continues the bullish movement, then $70.00 is the resistance level to watch. A close above $70.00 is bullish and will confirm the new bullish leg.

Today’s critical level to watch:

Support: $65.00

Resistance: $67.20, $70.00, $77.13, $80.00, $83.85