Gold bullish or bearish?

A bearish close occurred on gold prices yesterday though it was not a significant bearish close. Prices appear to be trying to move up in today’s trading. If the price can continue its bullish movement then the $1,900 point is an upside target. Meanwhile, if the price moves down, the $1,850 point can be considered as a support point.

Today’s critical levels to watch:

Support: $1,850, $1,800

Resistance: $1,900, $1,950, $2,000, $2,069, $2,074

Silver moving toward $21.35?

A bearish close occurred in silver prices yesterday where there was a chance of a decline towards $21.35. If the price does move down then traders can wait for a bullish reaction near $21.35 for a long position opportunity. To reverse the current bearish trend, the price needs to rise above $23.90 which might be a big hurdle for now.

Today’s Critical levels to watch:

Support: $21.35, $20.00

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

Crude oil is set to close near $85.00?

Crude oil prices tried to move up in yesterday’s trading. However, the price experienced a rejection reaction from that point and closed near the opening level. If the price continues its weakness then the $77.13 point may become a downside target. Conversely, a close above $85.00 by the end of the week could open the bullish scenario toward $90.00.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00