Gold looking to extend gain

Gold jumped in previous day session and tipped $1,230 before reverse to close at $1,226. Currently, the precious metal gained to $1,227 and looking to extend its gain from previous day jump. We might see some resistance near $1,230 but if the bull could clear the resistance then gold will continue toward $1,250 or higher.

Today critical level to watch:

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

Resistance: $1,234, $1,240

Silver ascend slowly

A bullish close bagged by the bull in silver extending the gain after close above $14.40. No change in the direction yet and silver expected to continue moving up. $15.00 is the upward target.

Today critical level to watch:

Support: $14.40, $14.00

Resistance: $15.00, $15.60

Crude oil weighed down

The price close above $71.39 but on the verge of dropping further lower. If the bear could push crude oil down then $70.00 and the red trendline are the targets. Traders could look for long position when both support levels reached. At the current time, it is the time to “wait and see”.

Today critical level to watch:

Support: $70.00

Resistance:  $71.39, $74.04, $74.80