The price of gold continued to consolidate near the levels 1315-1320. Upward movement may continue if the price fixates above 1320. Target levels in this case will be at 1330 and 1350. Reduction of price of gold is limited by support at 1305, and an inclined support level. We assume that in the coming weeks gold will continue the upward movement.
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 could not continue to grow after overcoming the 107.00 level of and resumed the downward movement. Price reduction stopped around local minimum level of 105.50. At the moment, there is a possibility of the upward price rebound to the level of 106.00. With a further fall, the price may reach the lower limit of the upward channel and the support at 104.00. We expect that the price will continue to move within the channel and resume growth in the near future.
Nearest resistance levels: 107.00, 108.00, 110.00
Next support levels: 105.00, 104.60, 104.00, 103.00, 102.50, 101.90