The price of gold continues to move below an inclined resistance level and now is consolidating around the level of 1220. In case of continuation of the upward movement, the signal to open long positions with targets at 1300 and 1350 will be fixing the price above 1230. In the near future quotations may fall to levels of 1180-1200, but despite this we maintain a positive outlook for the medium-term and recommend gradual accumulating of long positions in gold.
Nearest resistance levels: 1230, 1240, 1244, 1252, 1265, 1278, 1290, 1300
Nearest support levels: 1210, 1200, 1180
The price of Light sweet crude oil reached the target level of 90.00 and now is consolidating near this mark. For breaking and fixing of price below 90.00 will be needed a significant boost. In the near future we may see correctional upward movement to the levels of 92,00-92,50. The potential for further reduction is weak, but despite that we maintain a medium-term negative outlook.
Nearest resistance levels: 92.00, 94.20, 95.00, 95.50, 96.00, 98.00, 100.00
Nearest support levels: 90.00, 89.00, 87.50