The price of gold rebounded from the level of a local minimum of 1210 and started to correct. As a result quotations broke through the upper limit of the downward channel and have overcome the level of 1220. In case of further growth, a buy signal will be the price fixing above 1244. In the near future the price may drop to the levels of 1200 and 1180, but the medium-term outlook remains positive with the objectives of 1300.
Nearest resistance levels: 1240, 1244, 1252, 1265, 1278, 1290, 1300, 1320, 1330
Nearest support levels: 1220, 1210, 1200, 1180
The price of Light sweet crude oil rose to the upper limit of the downward channel, but continues to consolidate below this level. The price also was not able to gain a foothold above 92.50, which gives us reason to expect falling prices in the short term. Target level is 90.00, for breaking through which will be needed a substantial boost. We maintain a medium-term negative outlook, but want to point out a low potential for further reduction.
Nearest resistance levels: 92.50, 94.00, 95.00, 95.50, 96.00, 98.00, 100.00
Nearest support levels: 90.00, 89.00, 87.50