The price of gold after yesterday's growth attempt returned to previous levels and now is consolidating below the level of 1310. Continued upward movement with the closest targets at 1340, 1350 and 1365 is possible after fixing the price above the level of 1320. In case of renewal of the downward movement, the price may reach the levels of support at 1290 and 1280. We maintain our positive medium-term outlook for gold.
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 continued to fall and almost reached the level of 96.00. At this point there is an opportunity for the price rebound from the bottom of the corridor 96,00-98,00. To continue the current downward momentum, the price should be fixed below 96.00. We expect a further drop in prices with the medium-term target of about 92.00.
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