Gold more consolidation inside $1,680 – $1,700

No breakout yet from the $1,680 – $1,700 range. Gold prices closed lower yesterday and near $1,680. Today, there is an initial bullish reaction which might lead the precious metal up toward $1,700. At the current time, traders could continue to trade the range or wait until breakout happen.

Today critical levels to watch:

Support: $1,680, $1,650, $1,600

Resistance: $1,700

Silver no clear direction yet

The price of silver undergoes consolidation and formed a range between $14.80 – $15.20. At the current time, the price continues to trade inside the range without major close outside the range. Traders will continue to observe the price movement inside the range and trade the breakout direction.

Today Critical levels to watch:

Support: $14.80, $14.40

Resistance: $15.00, $15.20, $15.60

Crude oil looking to add more gain

Crude oil surpassed $20.00 handle and continue its upward movement. The price made bearish close yesterday but it might be a temporary reaction only. If crude oil prices move lower then traders could observe the reaction near $20.00 handle.

Today critical level to watch:

Support: $22.00, $20.00

Resistance: $25.00