The price of gold grew in the side trend to the level of 1325. The next resistance level is located at 1330, after breaking through which we recommend to open long positions with the targets at 1350 and 1365. Fall is limited by the level of support at 1310. In the medium term is expected the continued growth.
Nearest resistance levels: 1330, 1350, 1365
Nearest support levels: 1310, 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil continues to consolidate around the level of 103.00. At the moment, the price of oil is moving inside the descending channel and according to our estimates will reach the important level of 102.00 and then can grow strongly because of correction. Our medium-term outlook remains negative.
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