The price of gold continued a steady growth and broke the resistance level of 1278 and the upper limit of the local rising channel. We expect that in the near future the price will reach the level of 1290. In case of decrease the price can correct to 1278. We maintain a positive outlook for the medium-term with the closest targets at 1290 and 1300.
Nearest resistance levels: 1290, 1300, 1316, 1330, 1350
Nearest support levels: 1278, 1265, 1250, 1220, 1200
The price of Light sweet crude oil after the correction to the level of 106.00, resumed an upward movement and now is trying to overcome the upper limit of the rising channel and the level of 107.00. In the near future the price of oil is likely to continue to consolidate near current levels. In case of correction, the quotes can fall to 104.00. We expect a gradual rise in oil prices in the medium term.
Nearest resistance levels: 107.00, 108.50, 110.00
Nearest support levels: 106.00, 105.00, 104.00, 103.00, 102.00, 101.00, 100.00