Gold attempt to continue upward

Gold extended its sideway trend near the $1,900 level yesterday. There was a bullish close but no higher high printed. Today, the precious metal attempting to continue its upward movement and currently testing the Monday high. A bullish breakout might help the price to move toward the $1,950 resistance level.

Today critical levels to watch:

Support: $1,900, $1,850, $1,800, $1,780

Resistance: $1,950, $2,000

Silver more attempt on $25.00

The bull is looking for a breakout and closes above $25.00 in silver prices. The price could not print a higher high yesterday but it is currently testing the $25.00 handle. If the bull could print higher close above $25.00 then traders will expect silver to trade between $25.00 – $26.00 area.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil on the tipping point

Crude oil printed a bullish engulfing pattern yesterday near the top of 30 days range. The price might continue moving upward and a breakout above the range. If a bullish breakout happens then traders will expect a new bullish trend established.

Today critical level to watch:

Support: $40.00, $38.50, $33.00, $30.00

Resistance: $49.00, $50.00