The price of gold was unable to fix above the psychological level of 1300, but continues to consolidate near it. Drop of price is limited by the strong support at 1278. In case of growth, a signal to buy will be price fixing above 1316. We expect upward price movement of the metal in the medium with long term objectives at 1316, 1330 and 1350.
Nearest resistance levels: 1305, 1316, 1330, 1350
Nearest support levels: 1290, 1278, 1265
The price of Light sweet crude oil continues to consolidate near the level of 102.00. Within the correction, quotations may fall to 101.00. For continued growth within the local ascending channel the price needs to overcome 102.00 and to fix above 102.50. We expect continued downward movement in the medium and long term.
Nearest resistance levels: 102.00, 102.50, 104.00
Nearest support levels: 101.00, 100.40, 99.30, 97.60, 95.60