The price of gold continued downward movement and has broken the level of 1250. Within further decline, the price can reach the levels 1220 and 1200. At the moment there is a high probability of an upward price correction with the targets at 1250 and 1265. We expect the fall in the medium term, but keep a long-term positive outlook.
Nearest resistance levels: 1265, 1278, 1290, 1305, 1316, 1330, 1350
Nearest support levels: 1250, 1240, 1220
The price of Light sweet crude oil has failed to fix below 103.00 and continues to consolidate above this mark. After overcoming the support at 103.00, the price is likely to reach 101.50. Growth is limited by the resistance levels at 104.00 and 104.50. We recommend holding short positions and keep a long-term negative outlook for oil.
Nearest resistance levels: 104.00, 104.60, 105.00
Nearest support levels: 103.00, 102.00, 101.00, 100.40