Gold stays near SMA 200

The price movement of gold continues sideways near the daily SMA 200. There is no change yet to the outlook of the precious metal which waits for further bullish momentum. If the price could bounce from the daily SMA 200 and print a new higher high then it is set to continue toward $1,850.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850

Silver bounced from the yellow box

The price of silver bounced from the top of the yellow box area yesterday and closed the day higher. Traders will expect the price to continue its upward movement and target the $25.00 – $26.00 area as long as the price stay above the yellow box area.

Today Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil bounced from $67.20

Crude oil prices experienced bearish pressure yesterday and tested the $67.20 support level. The price currently building bullish pressure toward $70.00. There is no change to the outlook yet, traders will wait for a test on the $70.00 before deciding on the next direction.

Today critical level to watch:

Support: $67.20, $65.00, $60.00

Resistance: $70.00, $77.13