Gold bullish continuation

The bullish movement in gold prices continues above the daily SMA 200 point and has formed a higher swing high point. This bullish trend will not end yet and will try to rise above the $2,000 point. A rejection reaction is possible but traders can take advantage of this to add to long positions when there is a decline to the support point.

Today’s critical levels to watch:

Support: $1,900, $1,850, $1,800

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

Silver continues toward $23.90

Silver price has entered the $23.00 – $23.90 area and is still continuing its current upward movement. If nothing changes then the $23.90 point will be reached in the near future. Traders will now use any decline that occurs to add to long positions. The next upside target is at $25.00 – $26.00.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil closed above $90.00

A bullish close above the $90.00 level occurred yesterday and crude oil prices still have the opportunity to continue their increase. The trend has become bullish and now the $95.00 point will be the next upside target. If the price moves down toward $85.00 then traders can use this opportunity to enter a long position.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00