The price of gold again started to decline after reaching 1320. Currently quotes are consolidating below the level of 1310 and in case of continuation of downward movement can reach the upper limit of descending channel and the psychologically important mark of 1300. We expect the resumption of the upward movement in the near future with the objectives of 1350 and 1365. Medium term forecast remains positive.
Nearest resistance levels: 1310, 1320, 1330, 1340, 1350, 1365
Nearest support levels: 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil after reaching 98.00 resumed the downward movement and now is consolidating near the level of 97.00. Growth is limited by a strong level of 98.00 and the top edge of the channel. We expect a continuation of the current downward trend with the target near 92.00. The medium-term outlook remains negative.
Nearest resistance levels: 98.00, 100.00, 101.60, 103.00, 103.50, 104.00, 104.60
Nearest support levels: 96.00, 95.20, 94.00, 92.00