Gold started the bullish rally from $1,500

The precious metal slowly triggers bullish close on the daily chart and aiming for three consecutive bullish days. The price currently traded at $1,525 or at the middle of $1,500 – $1,550 range. Traders could expect the price to continue upward and test $1,550. After the test, gold might continue its consolidation inside $1,480 – $1,550 range.

Today critical levels to watch:

Support: $1,500, $1,480, $1,450

Resistance: $1,550

Silver major bullish day

Silver jump from $17.73 support level and surpass $18.50 today. The price has strong bullish momentum and expected to continue its upward movement in the coming days. Traders could enter long positions when the price makes retest on $18.50.

Today Critical levels to watch:

Support: $18.00, $17.73, $17.50

Resistance: $18.50

Crude oil consolidation between $57.60 – $60.00

No change to the outlook of crude oil which range inside $57.60 – $60.00. The price makes a lower low when testing $57.60 support level today. Although it is under pressure, it manages to bounce from the support. We think crude oil will continue the consolidation between $57.60 – $60.00 until next direction settled.

Today critical level to watch:

Support: $57.60

Resistance: $60.00, $65.00