The price of gold after breaking through the upper boundary of the triangle and reaching the level 1310, corrected downwards and now is trying to gain a foothold above the triangle and important level of 1300. In case of further decrease, the price may fall to 1290. We maintain the medium-term positive outlook and will recommend to open long positions after the price fixing above 1310.
Nearest resistance levels: 1310, 1320, 1330, 1340, 1350, 1365
Nearest support levels: 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil reached an important level of 100.00 and the lower boundary of the local descending channel and bounced up. For further correction, the quotes must break through the upper limit of the channel and to consolidate above 101.00. In case of overcoming the level of 100.00, the next target level will become 98.50. We maintain the medium-term negative outlook for oil.
Nearest resistance levels: 101.60, 103.00, 103.50, 104.00, 104.60
Nearest support levels: 100.00, 99.60, 98.50, 96.60