The price of gold rebounded from the bottom of the local descending channel and the level of 1280 and has overcome the strong level of 1290. The further movement is limited by the upper boundary of the rising channel. Signal for opening long positions will be fixing the price above the level of 1310. In the near future, downward trend may continue, but in the medium term, we expect the resumption of growth of the price of gold with the targets at 1350.
Nearest resistance levels: 1310, 1320, 1330, 1340, 1350, 1365
Nearest support levels: 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil reached the bottom of the channel and rebounded from it. With further upward correction, quotations may reach the level of 98.50 and 100.00. We predict short-term price increase, after which the decline is likely to resume with the objectives of 95.20 and 94.00. The medium-term outlook remains negative.
Nearest resistance levels: 98.50, 100.00, 101.60, 103.00, 103.50, 104.00, 104.60
Nearest support levels: 96.60, 95.20, 94.00, 92.00