The price of gold continues to move within the local rising channel and now is consolidating around 1270. To continue the upward movement the price needs to gain a foothold above the strong level 1278. In the nearest future the price can correct to the bottom of the rising channel. In the medium term, we expect continued growth of the price.
Nearest resistance levels: 1278, 1290, 1305, 1316, 1330, 1350
Nearest support levels: 1265, 1252, 1244, 1220, 1220, 1180
The price of Light sweet crude oil after consolidation has broken through the strong level of 104.00 and rose sharply. In the nearest future we may see a correction to 105.40. Increased of volatility is due to the strong fundamentals. In the medium term, we expect continued growth of oil price on the market.
Nearest resistance levels: 107.00, 110.00
Nearest support levels: 105.00, 104.60, 104.00, 103.00, 102.50, 101.90