The price of gold continued to rise and reached the lower limit of the local rising channel. It should be noted that the quotes were not able to return to the channel as well as to break through the strong resistance level at 1278. Soon, the price will likely continue to consolidate below 1278, but may continue its upward movement after fixation above 1278. We maintain a medium-term positive outlook for gold.
Nearest resistance levels: 1278, 1290, 1305, 1316, 1330, 1350
Nearest support levels: 1265, 1252, 1244, 1220, 1220, 1180
The price of Light sweet crude oil continues a gradual decline within the local downtrend channel. In case of further decline, the price may reach 104.00. For the resumption of growth, prices need to go beyond correction channel and fix outside it. We expect a gradual decline in prices in the near future, after which the growth will probably resume.
Nearest resistance levels: 107.00, 110.00
Nearest support levels: 105.00, 104.60, 104.00, 103.00, 102.50, 101.90