Gold lower low

Gold prices got rejected from daily SMA 200 and the $1,800 resistance level. It pushed lower today below $1,780 and printed a lower low. The bearish pressure might build up and the price is expected to resume the bearish trend toward $1,680 – $1,700.

Today critical levels to watch:

Support: $1,780. $1,700, $1,680

Resistance: $1,800, $1,850

Silver failed to close above yellow box area

The movement of silver prices continues limited inside the yellow box area and there is bearish pressure today. Without any change in direction, silver prices are set to reach the bottom of the yellow box area soon. Traders will wait for the close outside the box area to get confirmation on the next direction.

Today Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil is on the path upward to $77.13

Crude oil prices managed to break out above $70.00 and maintained the position above it. We could see the price continue building bullish pressure and moving upward to target $77.13 resistance level. At the current time, traders who have long positions will continue to hold the positions and wait for a correction toward $70.00 to add more long positions.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13