Gold continue testing the $1,780 – $1,800 area

There was a bullish close happening in gold prices which is near the $1,780 level. The price is expected to continue pressuring the $1,780 – $1,800 area also the daily SMA 200. As long as there is no breakout and close above daily SMA 200, no reason to become more bullish yet. If the price gets rejected and starts moving lower, then $1,680 -$1,700 is the bearish target.

Today critical levels to watch:

Support: $1,700, $1,680

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

Silver closed above yellow box area

Silver prices closed above the yellow box area and confirmed further upside toward the $25.00 – $26.00 area. If the price corrected lower toward the yellow box area then traders could consider entering long positions. On the upside, a close above $26.00 will confirm a long-term bullish continuation.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil extend bullish close

The bullish trend of crude oil continue yesterday with another bullish close. The price maintains the close near $82.72 and is projected to target $85.00, $90.00, or even $100.00. Under the current situation, traders will continue to maintain a bullish outlook and be ready for more long positions when a bearish correction happens.

Today critical level to watch:

Support: $77.13, $70.00, $67.20

Resistance: $82.72