The price of gold has broken through the support level at 1290 and returned to the descending channel. With a further fall, the price may drop to the level of 1278. The growth is limited by the level of 1320, after breaking, of which we recommend to open long positions. In the near future downward movement may continue, but we keep the medium-term positive outlook.
Nearest resistance levels: 1290, 1300, 1320, 1330, 1340, 1350, 1365
Nearest support levels: 1278, 1265, 1252, 1244
The price of Light sweet crude oil after the upward rebound reached the level of 93.00 near which is moving now. Growth is limited by the level of 94.00. The next target level is 92.00, after reaching of which we can see the beginning of a long consolidation or correction after a long decline. Our medium-term outlook remains negative with a target level near 92.00.
Nearest resistance levels: 94.00, 95.20, 96.00, 98.00, 100.00, 101.60, 103.00
Nearest support levels: 92.00, 91.60, 91.00, 90.00