The price of gold moves along the local ascending line of support and after yesterday's growth is consolidating in a narrow range around the level of 1260. In case of further growth, the price will reach 1278. In case of correction the price may reach levels of 1252 and 1244. We expect continued growth of price in the medium term.
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 once again reached the level of 104.00, but retreated downwards and now is consolidating below that level. To continue the downward movement with the objectives at 103.00 and 102.00, the price needs to fix below 103.50. We recommend holding short positions and maintain a long-term negative view on the price of oil.
Nearest resistance levels: 104.00, 104.60, 105.00
Nearest support levels: 103.00, 102.50, 101.90, 101.00, 100.40