The price of gold continues to consolidate near the important level of 1278. To continue the downward movement with the goals of 1265, 1252 and 1244, the price needs to fix below this mark. In the case of upward correction, the nearest target levels will be 1290 and 1300. We maintain our positive medium-term outlook for gold, the growth of which may begin in the near future.
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 correcting upwards continues to move along the bottom of the downward channel. The price correction is possible to the level of 95.00. We expect a continuation of the current negative trends in the near future and reaching the level of 92.00, after which we can see the long-term consolidation or significant price correction. Medium-term outlook despite a decline in potential of falling remains negative.
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