The price of gold continues to consolidate near the psychological mark of 1300 within the triangle. The signals 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. In case of decline, a signal to sell will be breaking through the lower boundary of the triangle and price fixing below 1285. We keep medium and long term positive outlook for gold.
Nearest resistance levels: 1305, 1316, 1330, 1350
Nearest support levels: 1290, 1285, 1278, 1270
The price of Light sweet crude oil fixed above the level of 102.00 and continued growth within the local rising channel. Quotations reached 103.00, but failed to gain a foothold above it and corrected downwards. We expect continuation of the corrective movement and maintain a long-term negative outlook for oil.
Nearest resistance levels: 103.00, 104.00
Nearest support levels: 102.00, 101.00, 100.00, 99.30, 98.40