Gold maintains more consolidation

Gold prices made a bearish movement toward the $1,850 support level yesterday. The price managed to bounce from the support level but no bullish pressure build up yet. The price might close the week near the $1,850 support level and continue its ranging movement between the $1,850 – $1,900 area next week.

Today critical levels to watch:

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

Resistance: $1,900, $1,950, $2,000

Silver need more confirmation

There was bearish pressure on the silver prices yesterday. The price managed to recover most of its losses yesterday and currently attempting to close the day higher. However, there is no movement above the previous day’s high yet. Silver prices are expected to continue its ranging movement near the $25.00 – $26.00 resistance area and inside the triangle range.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil continues testing the September-October high

No breakout above the September-October high yet. The price of crude oil continues its consolidation near the level and continue making neutral daily closes. Traders will continue to monitor the price reaction near the current level. Will crude oil continue its bullish movement? Alternatively, will it start moving lower again to consolidate near $38.50 – $40.00?

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00