Gold triangle consolidation

Gold continues its bearish correction after the close below $1,950. The price currently trading inside a triangle consolidation and testing the bottom of the triangle. If the price could bounce and closed above $1,950 also the top of the triangle then traders will expect further bullish continuation.

Today critical levels to watch:

Support: $1,900, $1,800

Resistance: $1,950, $2,000, $2,050

Silver almost reach $25.00 – $26.00

The bearish correction in silver prices continues yesterday. Silver almost reached the $25.00 – $26.00 area today. However, the bull currently returns to the market and attempting to bring silver prices higher. Today U.S job data might provide volatility in the price movement. If the price could reach $25.00 – $26.00 area and show a bullish reaction then traders could enter long positions.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35

Resistance: $30.00, $31.50

Crude oil holding out above $38.50 – $40.00

The bearish pressure on crude oil manage to brought the price to the level near $40.00. No-touch on the support level yet. At the current time, there is bullish reaction and crude oil trade near previous day high. No conclusion yet on the price next direction. If the price move lower again then traders could use $38.50 – $40.00 as the level to look for long positions.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00