Gold bull is in major trouble as it could not lift the price above $1,280 and made two consecutive closes below the resistance. The third close below $1,280 and move below $1,270 is the dead end for the bull which will bring the price down to daily SMA 200. Traders are waiting for ECB interest-rate decision today which could drive volatility in the market. Today critical level to watch: Support: $1,258, $1,250 Resistance: $1,280, $1,300, $1,313.22, $1337, $1,390 Silver is trapped between $16.80 – $17.00 and the triangle before ECB press conference. The precious metal could move either way today. However, traders could look at the chart, the high is getting lower while the low stay the same around $16.80. It is the situation where the bear is in control and most of the time the price break lower. Today critical level to watch: Support: $16.80, $16.50, $16.00 Resistance: $17.00, $17.20, $17.50, $17.73 Crude oil is in neutral sentiment despite the selling after U.S inventory data in the previous day. The price has not moved much from $52.40 resistance, and traders could continue to watch the market reaction. Bullish scenario is a break above $52.40 followed by a correction to re-test the broken resistance. Another scenario is sharp break leaving $52.40 without any pause. On the other hand, a bearish scenario will include a test of trendline before a valid trend change. Today critical level to watch: Support: $51.20, $51.00, $50.00 Resistance: $52.40, $54.50

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Gold price is still within the $1,953 – $2,000 area and is waiting for bullish momentum to continue its upward movement. In the long term, the price trend is bullish due to developments in the global situation. Traders should only take advantage of any decline in price as an opportunity to enter a long position. Today’s critical levels to watch: Support: $1,900, $1,850, $1,800 Resistance: $1,950, $2,000, $2,069, $2,074 Silver prices pushed down below $23.00 at the start of this week and have the opportunity to continue their bearish movement towards $21.35. However, the price looks to maintain its position not far from the $23.00 mark. If the price can rise again above $23.00 then the bullish movement can continue towards $23.90. Today’s Critical levels to watch: Support: $23.00, $21.35, $20.00 Resistance: $23.90, $25.00, $26.00 Crude oil prices continued their decline after a bearish close yesterday. However, the downward movement has reversed and the price is now trading above the opening point. If the price can continue its strengthening and close above $85.00 then the bullish trend can resume. Conversely, if the price continues to weaken then there is a chance of a decline to $77.13. Today’s critical level to watch: Support: $85.00, $80.00 Resistance: $90.00, $95.00

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Gold prices printed a major bullish close last week and there was a bullish continuation yesterday. However, the upward movement lost bullish pressure and closed the day on the bearish side. At the current time, the price is under bearish pressure but maintains the movement near yesterday’s low. Gold prices might trade sideway near the current level while waiting for further development. Today’s critical levels to watch: Support: $1,600, $1,585 Resistance: $1,680, $1,700, $1,780, $1,800 Silver prices reverse the bullish pressure and made a bearish close yesterday. The price continues the bearish movement today and might target the $18.50 support level. If the price could reverse the bearish pressure and start moving upward again then traders will expect movement toward $20.00 and $21.35. Today’s Critical levels to watch: Support: $18.50, $17.73 Resistance: $20.00, $21.35 Crude oil prices pushed lower below the $85.00 handle but managed to close the day near the level. Today, the price is trading under bearish pressure similar to the previous day’s situation. Will the price return near and close near $85.00 again to extend the sideway movement? Traders might want to continuously monitor the price reactions from $85.00 for now. Today’s critical level to watch: Support: $85.00, $80.00, $77.13 Resistance: $90.00, $95.25

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