The price of gold after consolidation below the level of 1210 continued to rise and reached a sloping resistance line. In case of continued growth, the signal to open long positions with targets at 1265, 1290 and 1330, will be fixing the price above 1220. Fall is limited by strong support at 1180. We keep the positive medium-term outlook for gold.
Nearest resistance levels: 1220, 1230, 1240, 1244, 1252, 1265, 1278, 1290, 1300
Nearest support levels: 1200, 1180
The price of Light sweet crude oil after consolidation within the corridor 89,00-90,00, continued its fall and reached the lower limit of the downward channel. At the moment, there is a probability of upward price correction to the level of 90.00. We expect continued downward movement of the price in the medium term and recommend holding short positions with a target level of 85.00.
Nearest resistance levels: 89.00, 90.00, 92.00, 94.20, 95.00, 95.50, 96.00, 98.00, 100.00
Nearest support levels: 87.00, 85.00