The price of gold continues to consolidate near the level of 1300 within the triangle. The signal to buy will be fixing the price above the level of 1305. In such case, the targets will be the levels of 1316, 1330 and 1350. Falling is limited by the strong support level at 1278. We keep medium and long term positive outlook for gold.
Nearest resistance levels: 1305, 1316, 1330, 1350
Nearest support levels: 1290, 1278, 1270
The price of Light sweet crude oil reached the strong level of 102.00, and is trying to fix above it in order to continue its upward movement. In such case, the growth may continue to 104.00. We expect a downward correction with target at 100.00 and keep long-term negative outlook for oil.
Nearest resistance levels: 103.20, 104.00
Nearest support levels: 101.00, 100.00, 99.30, 98.40