Gold continues sideway

Gold prices have not produced a significant reaction at the current level. We are still waiting for the price to continue upward to test the $1,780 – $1,800 area and the daily SMA 200. If the price could not close above the area and averages then it might reverse the current direction and start moving lower to test the $1,680 – $1,700 area.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800, $1,850

Silver moving sideway

There is no momentum movement yet in the silver prices. The price continues trading sideway below the yellow box area. If the price could close above the yellow box area then it could continue upward and target $25.00 – $26.00. On the lower side, $21.35 is the support level to watch.

Today Critical levels to watch:

Support: $21.35, $20.00

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

Crude oil unstoppable

The upward movement of crude oil prices has reached a level near $82.72. There is no major bearish reaction yet and the price currently attempting to continue moving upward. As long as there is no major bearish reaction, it is better to avoid short positions.

Today critical level to watch:

Support: $77.13, $70.00, $67.20

Resistance: $82.72