The price of gold started to decline after it has once again reached the level of 1330. Downward movement probably will stop around the levels of 1320 or 1310. Continued upward movement with the objectives of 1350 and 1365 is possible after fixing the price higher than 1330. We maintain a medium-term positive outlook.
Nearest resistance levels: 1330, 1350, 1365
Nearest support levels: 1320, 1310, 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil broke through the lower boundary of the rising channel and now is trying to fix below the important level of 104.00. We expect that the price will correct upwards within the local downtrend channel, but in the medium term will probably continue to decline with the objectives of about 101.90 and 100.00.
Nearest resistance levels: 104.00, 104.60, 105.00, 107.00, 108.00, 110.00
Nearest support levels: 103.00, 102.50, 101.90