The price of gold has broken through the inclined resistance level and fixed above the level of 1190. A further increase in the price is limited by the levels of 1210 and 1220. In case of the resumption of the downward movement, quotes will fall to 1170 and 1150. Our medium-term outlook for gold remains positive, but in the near future the gold will likely continue to move within the range 1170-1220.
Nearest resistance levels are 1210, 1220, 1244, 1256, 1280, 1300, 1330
Nearest support levels 1190, 1180, 1150, 1140, 1100
The price of Light sweet crude oil after some consolidation near the psychologically important level of 60.00 has reached the lower boundary of the rising channel and resumed growth, which is limited by the levels of resistance at 63.00 and 64.00. In case of trend reversal, sell signal will be breaking through the lower boundary of the rising channel and fixing below the local minimum at 59.00. We maintain a medium-term negative outlook with the targets at 52,00 and 48,00.
Nearest resistance levels: 63.00, 64.00, 70.00
Nearest support levels: 59.00, 58.00, 56.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00