The price of gold again tried to overcome the level of 1190, but has started growing again and now is consolidating near the level of 1200. The fall in the price level is limited by 1180. For the resumption of growth the price needs to overcome angled resistance line and return inside the rising channel. We forecast growth of gold prices in the medium term and recommend holding long positions with the targets at 1244 and 1252, and the stop below 1180.
Nearest resistance levels: 1215, 1230, 1244, 1252, 1265, 1278, 1290
Nearest support levels: 1180, 1140, 1120, 1100
The price of Light sweet crude oil is consolidating near the level of 56.00 in the near future will likely continue to decline along the sloping resistance line. The growth of price in case of breaking through the inclined resistance level is limited by the psychologically important mark of 60.00. Today we expect a strong increase in volatility. We expect a further drop in prices with a target 50,00 and keep medium term negative outlook.
Nearest resistance levels: 57.00, 60.00, 64.00, 68.00, 70.00, 72.00, 74.00, 76.00, 76.70
Nearest support levels: 54.00, 50.00