Gold building bullish pressure
Gold prices tested the level near $1,780 and bounced from it yesterday. The price managed to print a bullish close yesterday near the $1,800 and daily SMA 200. If the price could continue its bullish pressure, a breakout above SMA 200, and print a higher swing high then the bullish trend will continue.
Today critical levels to watch:
Resistance: $1,800, $1,850
Silver more bullish attempt
Silver prices experienced a similar situation as the Monday trading session. The price pushed lower but managed to stage recovery to close above the opening level. If the price could continue moving higher and close above the yellow box area then the bullish movement toward $25.00 – $26.00 will resume.
Today Critical levels to watch:
Support: $23.90, $23.00, $21.35, $20.00
Resistance: $25.00, $26.00
Crude oil stay above $70.00
Crude oil prices stick above the $70.00 handle and attempting to continue its upward movement to target $77.13. Yesterday there is a bearish attempt but ended with the price closed higher. Traders who have long positions will continue to hold the positions for now with a stop below $67.20.
Today critical level to watch:
Support: $67.20, $65.00, $60.00
Resistance: $70.00, $77.13