The price of gold continued to rise after fixing beyond the descending channel. At the moment, quotes stabilized near the level of 1200. In case of overcoming of this mark, we expect a further increase to the levels of 1230, 1244 and 1252. The fall is limited by the support level at 1170 and 1180. We recommend to accumulate long positions and maintain a medium-term positive outlook.
Nearest resistance levels: 1200, 1215, 1230, 1244, 1252, 1265, 1278, 1290
Nearest support levels: 1180, 1140, 1120, 1100
The price of Light sweet crude oil after a sharp decline and breaking through the important support level at 54.00 continues to consolidate below this level. Fixing the price below 54.00 is the basis for the continuation of the downward movement with the target at 50.00. Growth is limited by the resistance at 56.50 and 58.50. We recommend holding short positions and maintain a medium-term negative outlook.
Nearest resistance levels: 54.00, 58.50, 60.00, 64.00, 68.00, 70.00, 72.00, 74.00, 76.00
Nearest support levels: 50.00