The price of gold reached the lower limit of the corridor 1310-1330 and rebounded from it and resumed its gradual growth. Increased volatility in the price is expected on Wednesday, and before that the quotes, will probably continue to move within the corridor. We recommend opening position after fixing outside the side channel and maintain a positive outlook for the medium-term with objectives of 1350 and 1365.
Nearest resistance levels: 1320, 1330, 1350, 1365
Nearest support levels: 1310, 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil decreases along the bottom of the descending channel and will likely continue to fall to an important level of 101.90. Corrective gains are possible to the level of 104.00. We maintain our negative medium-term outlook for oil futures
Nearest resistance levels: 103.50, 104.00, 104.60, 105.00, 107.00, 108.00, 110.00
Nearest support levels: 103.00, 102.50, 101.90