The price of gold after attempts to revive growth, has returned to the level of 1200 and continues to consolidate near this mark. At the moment, the growth of prices is limited by sloping resistance level. If it is broken, we expect continued growth with targets at 1244 and 1252. The fall is limited by a strong support level at 1180. We recommend holding long positions and maintain a medium-term positive outlook for gold.
Nearest resistance levels: 1215, 1230, 1244, 1252, 1265, 1278, 1290
Nearest support levels: 1180, 1140, 1120, 1100
The price of Light sweet crude oil returned to the level of a local minimum near 54.50, after failed to reach the level of 60.00 and finished correction. The breaking of support at 54.50, will be the cause for the continuation of the downward trend with the target at 50.00. Growth is limited by the level of 60.00 above which we recommend to set a stop. Our medium-term outlook is negative.
Nearest resistance levels: 60.00, 64.00, 68.00, 70.00, 72.00, 74.00, 76.00, 76.70
Nearest support levels: 54.50, 50.00