Gold pin bar sign continuation

The slide below blue trendline quickly bought by the bull and put the price back near $1,250 resistance. The formation of pin bar show high-interest of the bull to bring the precious metal higher. If the price could break above previous day high or above $1,250 today, the price should continue higher.

Today critical level to watch:

Support: $1,244, $1,237, $1,220, $1,200, $1,184

Resistance: $1,250, $1,280 – $1,300

Silver holding closely near $18.50

Since the close above its bearish trendline, silver kept moving up but limited below $18.50. The price is waiting for catalyst news to move higher or reverse its direction. Traders will wait until bearish formation or a thrust upward and retest of $18.50 happen.

Today critical level to watch:

Support: $18.00, $17.50, $17.20, $17.00, $16.75

Resistance: $18.50, $18.90, $19.00

Crude oil continue indecisive

Although the outlook is bullish for crude oil, the price reluctant to make a move outside of the bullish pattern. No change in outlook of crude oil, previous day inventory report in line with the expectation of 1.5 million barrels increase which shows no trigger. Yellen speech at the end of this week might become a trigger for a breakout.

Today critical level to watch:

Support: $52.40, $51.93, $50.50, $50.00, $49.60

Resistance: $54.50, $55.00