Gold bearish pressure

Gold prices managed to maintain the position above the $1,680 – $1,700 area. However, the price come under bearish pressure today after U.S CPI data. As long as the price stay above the $1,680 – $1,700 area, traders could expect upward continuation toward the $1,780 – $1,800 area. However, a new lower low and close below $1,680 will confirm a bearish continuation.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver stick near $20.00

Silver prices managed to close the day near the $20.00 handle. The price barely moves after the release of U.S inflation data. It seems the price will continue to maintain the position near $20.00 and attempt to close above it. A close above $20.00 will confirm an upward continuation to the target $21.35 resistance level.

Today’s Critical levels to watch:

Support: $18.50, $17.73, $17.50, $16.00

Resistance: $20.00, $21.35

Crude oil trade between $85.00 – $95.25

Crude oil price trend has turned bearish with a new lower low and lower high printed. At the current time, the price is trading upward in a bullish correction. We might see the price trade between $85.00 – $95.25 area. Traders will wait for a reaction near the top and bottom of the range to confirm the next direction.

Today’s critical level to watch:

Support: $85.00

Resistance: $90.00, $95.25, $100.00