Gold stay above $1,850

Gold prices managed to return above daily SMA 200 and $1,850. There is no bullish continuation yet from the level. Traders will continue waiting for the bullish continuation toward the $1,900 resistance level. If the price gets rejected with a strong bearish reaction from the $1,900 level then there is a chance of bearish continuation.

Today critical levels to watch:

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

Resistance: $1,900, $1,953

Silver extend bullish movement toward $23.00 – $23.90 area

Silver prices are on the path upward though moving slowly. The price might continue upward to test the $23.00 – $23.90 area and traders will wait for reactions from the area. If the price gets rejected with strong bearish reactions then there is a chance of bearish continuation to target the level below $21.35 and $20.00 before a major bullish reversal.

Today’s Critical levels to watch:

Support: $21.35

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil on bullish track

The price of crude oil is on a bullish track toward the $130.00 resistance level. There is no reason to turn bearish as long as the price continues printing higher high and higher low on the chart. On the lower side, the price needs to break out and close below $95.25 to confirm a bearish reversal.

Today’s critical level to watch:

Support: $106.00, $100.00, $95.25, $90.00

Resistance: $130.00