Gold bullish pressure

Gold prices start to move higher above the $1,950 resistance level. It seems the bullish trend is set to continue toward the level above $2,000. If there is no change to the situation then traders will expect a new higher swing high printed. At the current time, traders will avoid short positions and wait for a bearish close below $1,900.

Today critical levels to watch:

Support: $1,900, $1,850

Resistance: $1,953, $2,000, $2,074.69

Silver launch above $25.00

After several days of consolidation near the $25.00 handle, silver prices finally started a strong bullish movement. The upward movement almost reaches the $26.00 handle. Under the current situation, traders who have entered long positions near $25.00 will continue to hold it. A breakout and close above $26.00 will confirm a long-term bullish continuation.

Today Critical levels to watch:

Support: $23.90, $23.00

Resistance: $25.00, $26.00, $27.50

Crude oil no major bearish reaction

Crude oil prices made another bullish close yesterday, showing no stop to the bullish trend yet. If the price moves lower again then traders could use $106.00 and $100.00 as levels to enter long positions. On the upside, $130.00 is the major resistance level to break.

Today’s critical level to watch:

Support: $106.00, $100.00, $90.00

Resistance: $130.00