The price of gold slowed the fall and now is consolidating the level of 1244l. In case of further decrease, the price can reach 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 broken through the support at 102.50 and is trying to fix below this level. To continue the downward movement, the price needs to fix below 101.90. Growth is limited by the upper boundary of the local descending channel and the resistance at 103.00. 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