The price of gold has almost reached the level of 1250 and corrected upwards. In case of further growth, the price can rise to 1,265. For the continuation of downward movement with the target of 1220, the price needs to fix below 1250. We expect further price correction, and keep a long-term positive outlook. At the same time, in the medium term the price may continue to decline to 1220 and 1200.
Nearest resistance levels: 1265, 1278, 1305, 1316, 1330, 1350
Nearest support levels: 1250, 1220, 1200
The price of Light sweet crude oil reached the level of support at 103.00 and bounced upwards. Now oil quotes are consolidating near 103.50. Further growth is limited by the levels 104.00 and local maximum near 104.50. A signal to sell will be price fixing below 103.50. We maintain a long-term negative outlook and expect continued of downward movement in the medium term.
Nearest resistance levels: 104.00, 104.50 105.00
Nearest support levels: 103.00, 102.00, 101.00, 100.00