Gold maintains the position above $1,850

Gold printed a bearish engulfing pattern but no follow-through confirmation. Yesterday, the price bounced from the $1,850 level and closed the day on the positive side. We think the price will continue its long-term trend toward $1,900 and higher. Traders will continue to use $1,850 and $1,800 also SMA 200 as levels to enter long positions.

Today critical levels to watch:

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

Resistance: $1,953, $2,000

Silver stick near $25.00

The bearish pressure on silver prices did not continue yesterday. The price moved upward and closed near $25.00 instead. At the current time, traders will wait for a further reaction from the $25.00 level. In the long-term, we think the price will climb and close above $26.00 to continue the bullish trend.

Today Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil touched the $77.13 support level

Crude oil prices printed a bearish close yesterday and there is a bearish extension today. The price managed to touch the $77.13 support level and produce a bullish reaction. If the price could maintain the bullish pressure and start to climb then traders will expect another test on the $85.00 resistance level.

Today critical level to watch:

Support: $77.13

Resistance: $82.72, $85.00, $90.00