The price of gold after a strong growth continues to consolidate around the level of 1315. For the continued growth the price needs to fix above 1320. The closest objectives in case of growth will be the levels 1330 and 1350. Within correction quotations may fall to 1300. We maintain a medium-term positive outlook for gold.
Nearest resistance levels: 1320, 1330, 1350
Nearest support levels: 1305, 1300, 1290, 1278, 1265, 1252, 1244, 1220, 1220, 1180
The price of Light sweet crude oil has broken the upper boundary of the local descending corridor and continued growth inside the rising channel. The price has overcome a local maximum and now is consolidating around the level of 107.00. Further growth is limited by the borders of the channel. We expect growth of price and maintain a positive outlook for the medium-term.
Nearest resistance levels: 108.00, 110.00
Nearest support levels: 106.20, 105.00, 104.60, 104.00, 103.00, 102.50, 101.90