The price of gold broke the strong level 1330 and now is trying to fix below the important level 1310. If the price will fix below this point the quotes are likely to fall to 1290. We expect a rebound in gold prices upwards with the first target around 1320, but did not exclude the continuation of downward movement. We maintain our positive outlook in the medium-term.
Nearest resistance levels: 1310, 1340, 1350, 1365
Nearest support levels: 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil reached an important support level 100.00 dollars per barrel but could not break through it and bounced upwards. In case of continued upward correction, the quotes can grow up to 102.00. In the next 2 days is expected the increase in volatility. Signal to open short positions will be fixing the price below 100.00. We maintain a medium-term negative outlook.
Nearest resistance levels: 101.00, 101.90, 102.50, 103.00, 103.50, 104.00, 104.60
Nearest support levels: 100.00, 99.60, 98.50