Daily Oil, Gold, Silver Technical Analysis March 14, 2019

Gold abruptly lower below $1,300

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After the price manages to climb and close above $1,300, gold suffered sell-off today. The sell-off happened due to weak industrial output data from China. Aside from China, Brexit vote also plays the part on today slump. If gold close below $1,300 then it is expected to consolidate between $1,280 – $1,300.

Today critical levels to watch:

Support: $1,280

Resistance: $1,300, $1,320, $1,325

Silver testing support $15.20

The bounce from support $15.20 continue upward yesterday. But, silver experienced sell-off today which cause the precious metal testing $15.20 support. It is currently traded below the support level. Will silver manage to close above $15.20 and continue its bullish movement?

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil breakout above $57.60

The price of crude oil crossed above $57.60 resistance and closed above it. The price hovering near its opening level, searching for direction today. We expect crude oil to continue its upward movement and reach the top trendline or $60.00 resistance.

Today critical level to watch:

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

Resistance: $60.00

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