Daily Oil, Gold, Silver Technical Analysis September 26, 2016

Gold hanging at resistance

golddaily26-september-2016

Gold little changed since a move up after FOMC meeting. We have the price hovering at resistance trendline, the movement has been limited with tighter range each day, there is possibility price will continue range inside the blue range. Today there is a speech by ECB Draghi, as it will give impact to EUR and later USD we think Gold either will be rejected or will break from this level.

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Today critical level to watch:

Support: $1331 (22 Sept low), $1300

Resistance: $1343 (22 Sept high also trendline), $1350, $1390.

Silver continue to range

silverdaily-26-september-2016

Silver rejected at the upper part of the triangle around $20. It currently gets near the bottom of the triangle, and traders will wait further until the range break to decide where silver headed to next.

Today critical level to watch:

Support: $19.20, $19, $18.50

Resistance: $20, $20.75, $21

Crude Oil wait in patience

clh4-26-september-2016

Crude oil prices rejected at $46.5. The price fell despite talk about oil freeze this week. The market looks like reluctant to trust OPEC will be able to set the policy in motion. $43.90 will be the next target of down move, while final target will be the trendline lower.

Today critical level to watch:

Support: $45.00, $44.90, $43.15

Resistance: $44.75, $45.30, $46.50, $46.75

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