Gold bullish close above $1,950

The direction of the gold movement starts to turn bullish again after the bullish close above $1,950 yesterday. However, gold prices still in consolidation inside the triangle pattern. Without break out from the triangle pattern, gold prices are expected to stick near $1,950.

Today critical levels to watch:

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

Resistance: $2,000, $2,050

Silver waiting for a trigger

There is a bullish close in silver prices yesterday. However, no strong momentum is seen yet as the price consolidates inside the triangle pattern. Traders will wait for a further trigger for silver to move outside of the range. Currently, long positions are still favored as the long-term trend is bullish.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35

Resistance: $30.00, $31.50

Crude oil consolidate near $38.50

Crude oil has closed below the $38.50 support level. However, there is no bearish follow-through yet until now. The price continues to trade near the $38.50 level and will wait for the trigger to move. If the price continues lower then crude oil expected to target the $33.00 and $30.00 support level.

Today critical level to watch:

Support: $33.00, $30.00

Resistance: $38.50, $40.00, $49.00, $50.00