Gold waiting for reaction near $1,325

Gold continues its upward movement in the previous day and reaches the level near $1,325. The price close near it and showing no bearish reaction. However, there is mild selling today but no movement below previous day low. If gold could continue to maintain the position near $1,325 then it is possible for the precious metal to breakout higher.

Today critical levels to watch:

Support: $1,300, $1,280

Resistance: $1,320, $1,325

Silver no breakout of $15.20 – $15.60 yet

Silver continues its ranging movement between $15.20 – $15.60 with a bullish bias. The price close near the top of the range but slightly lower today. Traders might want to wait further for a clue in the next direction.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil resuming uptrend

Rejection from $60.00 brought crude oil lower but the situation does not hold for a long time. Yesterday, the bull reversed the bearish pressure and close the day as a bullish candlestick. Today, there is follow through on the bullish candlestick and crude oil currently testing $60.00 resistance. A breakout above $60.00 will open the way for crude oil to reach top trendline.

Today critical level to watch:

Support: $57.60, $55.80

Resistance: $60.00, $65.00