Gold ready for a flat close

Gold prices have not moved much from the low. The price seems will close the week near the current level and prolong the consolidation at the middle of $1,680 – $1,800. Traders will wait until the price move either toward the $1,780 – $1,800 area or toward $1,680 – $1,700.

Today critical levels to watch:

Support: $1,700, $1,680, $1,550, $1,500

Resistance: $1,780, $1,800

Silver bullish pin bar at $25.00

Yesterday, the price of silver was pushed lower below $25.00 and indicating a bearish continuation. Fortunately, the price could recover all of its losses and closed the day as a bullish pin bar. If the bull could continue to add more bullish pressure then we will see silver continue its ranging movement between $25.00 – $26.00.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $30.00, $31.50

Crude oil more ranging movement

There was no bullish continuation yet in crude oil prices yesterday. The price moved lower and closed inside the $57.60 – $60.00 area. At the current time, the bull attempting to bring the price above $60.00. If the price could close above $60.00 then we might see a bullish continuation next week.

Today critical level to watch:

Support: $57.60, $55.80, $54.50

Resistance: $60.00, $65.00, $67.20, $70.00