The price of gold has broken through the upper limit of the channel and continues to consolidate within the corridor 1210-1230. At the moment we see a decline of the potential of a downward movement, but assume the possibility of further fall to the levels of 1180-1200. We expect the resumption of the upward price movement in the medium term. Signal to open long positions with the target near 1350 will be fixing the price above 1244.
Nearest resistance levels: 1240, 1244, 1252, 1265, 1278, 1290, 1300, 1320, 1330
Nearest support levels: 1210, 1200, 1180
The price of Light sweet crude oil has broken through the upper limit of the downward channel and now is trying to gain a foothold above it and the level of 92.50. In case of further growth, a signal of a trend change and the need to open long positions will be fixing the price above 94.00. We maintain a medium-term negative outlook with the target near 90.00 and recommend holding short positions with a stop above 94.00.
Nearest resistance levels: 94.00, 95.00, 95.50, 96.00, 98.00, 100.00
Nearest support levels: 90.00, 89.00, 87.50