The price of gold corrected upwards after a rebound from the bottom of the downward channel. In case of further price increase, the signal for the opening of long positions will be fixing the price above 1278 and breaking through the upper limit of the local descending channel. The potential for further reduction is minimal and we keep a positive outlook for the medium-term with objectives of 1320 and 1330.
Nearest resistance levels: 1278, 1290, 1300, 1320, 1330, 1340, 1350, 1365
Nearest support levels: 1265, 1252, 1244
The price of Light sweet crude oil again has reached the strong support level around 92.50 and now is consolidating above this mark. We see that the amplitude of price fluctuations decreases and now forms a figure - triangle, after moving beyond which, we expect strong price movement. Our medium-term outlook remains negative with the objectives of 92.00 and 89.00.
Nearest resistance levels: 94.00, 95.00, 95.50, 96.00, 98.00, 100.00, 101.60, 103.00
Nearest support levels: 92,50,92,00, 91,60, 91,00, 90,00