The price of gold fixed below 1310 and almost reached the support at 1290. Currently, the price rebounded from the bottom of the rising channel and is consolidating below 1,300. In case of fixing below this mark, the decline may last until 1278, but we expect the price to rebound up with targets at 1310 and 1330. Medium-term outlook remains positive.
Nearest resistance levels: 1300, 1310, 1340, 1350, 1365
Nearest support levels: 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil within the local downstream channel continued to decline and reached the target level of nearly 98.50, but corrected upwards and now is trying to consolidate below the psychological mark of 100.00. In case of success, the price decline may continue with the objectives of 98.50 and 96.60. Medium-term outlook remains negative, but in the case of correction, the price can reach 102.00.
Nearest resistance levels: 100.00, 101.00, 101.90, 102.50, 103.00, 103.50, 104.00, 104.60
Nearest support levels: 99.60, 98.50, 96.60