The price of gold confirmed our predictions and continued the growth. At the moment the price is consolidating around the level of 1340, and will likely continue to rise to an important level of 1350. In case of fall, within the correction, the price can reach 1330. Medium-term targets remain at the levels of 1350 and 1365.
Nearest resistance levels: 1350, 1365
Nearest support levels: 1330, 1310, 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil returned to the descending channel after it dropped sharply yesterday. At the moment the price is consolidating above 102.00, but probably will try again to reach the level of 101.00. Further growth is limited by a strong resistance level at 103.00 and the upper boundary of the descending channel. We expect the new signals to determine future price movements.
Nearest resistance levels: 101.90, 102.50, 103.00, 103.50, 104.00, 104.60, 105.00
Nearest support levels: 100.50, 99.60