Gold remove the top, smoothly higher

The bullish movement of gold continues as the price closed above $1337. There is no change to the bullish outlook, and the price should continue moving higher. Below the current level, $1,325 is the support level to watch if the price retraces lower.

Today critical level to watch:

Support: $1337, $1,300, $1,280, $1,258

Resistance:

Silver no change to bullish outlook

Silver continues upward above $17.73 broken resistance. The precious metal show strength today, but limited. In the long-term, we expect the price could reach $18.50 without a major change in fundamental. Similar to previous day analysis, $17.73 could be used as a base to look for a long position.

Today critical level to watch:

Support: $17.73, $17.50, $17.00, $16.80

Resistance: $18.00, $18.50

Crude oil the bull turned the table

The table turned on crude oil as the price advance and closed above $48.50 on Tuesday. Currently, the bull continues to push the price higher, and it looks like $50 is on the radar. Thursday crude oil inventory data might become the catalyst for $50 test.

Today critical level to watch:

Support: $48.50, $48.00, $47.31

Resistance: $50.00