Gold no direction
Gold is in wait & see mode after the precious metal enters blue channel range. Overall, gold is waiting for U.S job data today and the further reaction to President Trump Tariff plan. If the downward movement continues after the release of job data, we might see gold testing $1,300 again soon.
Today critical level to watch:
Support: $1,300
Resistance: $1,325, $1,337, $1,340
Silver consolidation
Silver close below $16.50 and stay below it, the bull maintained a position above the broken trendline. It is a neutral situation, and the price could either move lower or bounce from the trendline and test $16.50. We will wait for catalyst news for silver next movement.
Today critical level to watch:
Support: $16.00
Resistance: $16.50, $16.80, $17.00
Crude oil initial bearish sign
Crude oil finally breaks outside of the green triangle and tested $60.00 today. The price bounced after the test and looked will test the broken triangle. The outlook is bearish, but a major bullish candlestick formation which closes inside the triangle will cancel the breakout. Under the current fundamental situation, it is more likely crude oil will break lower.
Today critical level to watch:
Support: $60.00, $59.00
Resistance: $62.50, $62.80, $65.00, $65.78