The price of gold after an unsuccessful attempt to break the level of 1290, started to decline and reached the nearest support level 1265. With further fall, the price may reach the levels of 1252 and 1244. In the near future, the price may correct upwards in the descending channel, with the closest target near 1278. We expect a further decline in the near future but keep medium-term positive outlook for gold.
Nearest resistance levels: 1278, 1290, 1300, 1320, 1330, 1340, 1350, 1365
Nearest support levels: 1265, 1252, 1244
The price of Light sweet crude oil did not reach the level of 96.00 and after consolidation started to decline sharply. Currently quotations are consolidated near the level of a local minimum and soon will likely continue to decline to 92.00. Growth is limited by the resistance levels 94,00 and 95,50. We maintain a medium-term negative outlook for oil.
Nearest resistance levels: 94.00, 95.50, 96.00, 98.00, 100.00, 101.60, 103.00
Nearest support levels: 92.00, 91.60, 91.00, 90.00