Gold continues the bullish trend

A breakout and close above daily SMA 200 happened yesterday. Gold prices currently testing the previous day’s high. We think the price will continue its bullish movement and target the $1,900 resistance level. However, if the price move lower then traders could use $1,850 and daily SMA 200 to enter long positions.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900

Silver more bullish continuation

The bullish movement of silver prices continues today. The price currently trading near the previous day’s high and will attempt to close above it. On the upside, $31.5 is the long-term bullish target for silver. If the price makes a bearish correction, traders could use the previous week’s high as level to enter long positions.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $30.00, $31.50

Crude oil waiting for more bullish pressure

Crude oil price slowly climbs above $65.00 but it has not left the trading range formed at the beginning of the month. On the long-term view, we think the price will break out higher and target $70.00. At the current time, traders could continue to hold long positions and add more long positions when there is a bearish correction.

Today critical level to watch:

Support: $65.00, $60.00, $57.60, $55.80, $54.50

Resistance: $67.20, $70.00