Gold more bullish pressure

Gold prices has officially bounced from the $4,000 support level and now moving higher. The price will resume the bullish trend and target a new record high. Traders who enter long positions will place stop order below the latest swing low. On the upside, $4,670 and $5,000 will become the long-term target to watch.

Today’s critical levels to watch:

Support: $4,000, $3,835

Resistance: $4,200

Silver bullish above $50.00

Silver prices reclaimed the $50.00 level and now is set to continue the bullish trend to target a new higher swing high. On the upside, the $59.40 will become the target to watch. On the lower side, $45.30 is the major support level to watch. Traders could use the $50.00 level as place to add long positions when bearish correction happen.

Today’s critical levels to watch:

Support: $50.00, $47.07, $44.357

Resistance: $55.00

Crude oil bounced from $60.00

Crude oil prices maintain the level inside $60.00 – $62.00 range. The price is trading upward now and will test the $62.00 level. Traders will wait for a breakout and close outside the range to confirm the next direction. On the upside, a close above $62.00 might become the confirmation that the trend has turned bullish. On the lower side, $54.50 – $55.00 is the area to watch as bearish target.

Today’s critical level to watch:

Support: $60.00, $57.60, $55.00, $54.50, $52.4

Resistance: $65.00, $67.20, $70.00, $77.13