The price of gold rose sharply yesterday and is now consolidating around the mark 1,260 dollars per ounce. With further growth, the price will reach the level of 1278. The fall is limited by the supports at 1252 and 1244. Soon we expect the price to continue to rise along the inclined support line. We save medium and long term positive outlook.
Nearest resistance levels: 1258, 1265, 1278, 1290, 1305, 1316, 1330, 1350
Nearest support levels: 1252, 1244, 1220, 1220, 1180
The price of Light sweet crude oil resumed the growth after decline yesterday and probably will try again to overcome the local maximum near 104.00. Despite this, we expect further downward movement with the target 102.00 and save long-term negative outlook.
Nearest resistance levels: 102.50, 103.00, 104.00, 104.60, 105.00
Nearest support levels: 101.90, 101.00, 100.40