Prices of crude oil remained volatile in the previous session. While prices initially drifted lower, we saw some recovery in them later in the day.

On the hourly charts, prices have taken support near 61.8% retracement level of its prior up move from 3,900 to 4,300-levels.

Momentum indicator RSI reading is above 40 marks. Hence, pullback towards 4,180/4,200 is likely as long as 4,040 is protected on the downside.

Gold prices gave a gap down opening in the previous session and gave a close below its mentioned symmetrical triangle formation, drifting prices lower towards its immediate support level of 30,500 mark.

If gold manages to hold the mentioned support, we could see some pullback towards 30,800, while breach of 30,500 could drift prices towards 30,380 levels.

Silver prices gave a false break down of its symmetrical triangle formation and inched higher later in the session. Short covering is likely in silver as per open interest data.