Gold consolidating above $1,220

Gold continue its consolidation above $1,220, waiting for trigger for next movement. The precious metal expected to trade inside the green triangle range this week and possibly next week. It might continue moving sideways before OPEC and the Fed decision. At the current time, traders could use the moment to trade the range with bullish bias.

Today critical level to watch:

Support: $1,220, $1,210, $1,200

Resistance: $1,234, $1,240, $1,250

Silver flat after rejection from $14.40

The precious metal not moving much from its opening level after the rejection from resistance $14.40. It could either move up or down from the current level as it stuck at the middle of $14.00 – $14.40 range. Where it will move next?

Today critical level to watch:

Support:  $14.00

Resistance: $14.40, $15.00, $15.60

Crude oil possible range between $50.00 – $52.40

The downside movement of crude oil paused after the price finds support near $50.00 support. However, the trend still pointed heavily downside and the bull path to the upside is like a run through a wall. If the bull could seize the control and bring crude oil upside then $52.40 is the first resistance to test. On the path upside, $54.50 is another level to watch.

As long as the price stays below $54.50 – $55.00 then the trend should continue bearish.

Today critical level to watch:

Support: $50.00

Resistance: $52.40, $54.50