Gold building bullish momentum

Gold prices started the week with bullish pressure above $1,950. The precious metal looks will test the $2,000 resistance level soon. We think a bullish breakout might happen and the price will continue its long-term bullish trend. Traders who have no long positions will wait for a bearish correction toward $1,950 or breakout and retest above $2,000 to enter long positions.

Today critical levels to watch:

Support: $1,950, $1,900, $1,800

Resistance: $2,000, $2,050

Silver extend the bullish movement

This week, silver extend its bullish movement and move past the previous week high. The bullish movement soon will test the previous month’s high. If there is no change to the bullish sentiment then silver could continue upward to test $30.00 and $31.50.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35

Resistance: $30.00, $31.50

Crude oil crawl higher slowly

There is a change to the outlook of crude oil which continues moving upward. The bullish movement rather slow but consistently printing higher high and higher low. At the current time, traders who want to enter long positions will need to wait for a bearish correction toward the $38.50 – $40.00 area.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00