The price of gold tried to gain a foothold above 1320, but failed to do so, and retreated down to 1310. After a long consolidation in the corridor 1310-1320, we expect a strong price movement. The signal to open positions will be the price fixing outside the corridor. We expect the growth of price in the medium term.
Nearest resistance levels: 1320, 1330, 1350
Nearest support levels: 1310, 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil after the sharp jump in price reached 107.00, but retreated down and now is consolidating around the mark of 106.50. For continued growth, the price needs to gain a foothold above 107.00. Strong support level is at local minimum near 105.00. We expect the price growth in the medium term.
Nearest resistance levels: 107.00, 108.00, 110.00
Next support levels: 105.00, 104.60, 104.00, 103.00, 102.50, 101.90