The price of gold was able to gain a foothold above the level of 1110, which is a confirmation of the signal for opening long positions with the first targets at 1140, 11150 and 1165. At the moment, quotes continue to grow within the local rising channel. In the case of correction, the price may fall to the levels of 1095-1100 below which we recommend setting a stop in the case of opening long positions. We with a high probability expect continued upward movement of prices in the near future.
Nearest resistance levels: 1140, 1150, 1165, 1190, 1205
Nearest support levels: 1120, 1110, 1095, 1080, 1065, 1050, 1040, 1000, 960
The price of Light sweet crude oil after some consolidation below 45.00, started to correct within the local rising channel. In the near future the price will probably reach the support at 33.00 and the bottom of the channel, fixation below which will be confirmation of the sell signal with the objectives at 31.00 and 28.00. Our medium-term outlook remains negative and we see no reason to change the medium-term negative trend.
Nearest resistance levels: 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65
Nearest support levels: 33.00, 31.00, 30.00, 28.00, 25.00, 22.00, 20.00