The price of gold could not overcome the lower boundary of the local rising channel and currently is moving along it. In case of further falling and breaking through the level 1175, quotations will reach the support at 1150. We maintain our positive outlook for the medium-term with the first targets at 1220 and 1230, but soon fall in the price may continue.
Nearest resistance levels: 1200, 1220, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1175, 1150, 1140, 1100
The price of Light sweet crude oil stabilized around the level of 49.00 and the lower limit of the local rising channel. At the moment, there is the possibility of renewed growth to the level of 53.00. More likely is a continuation of the downward movement and breaking through the support at 49.00, which will be a signal for opening short positions with the first targets at 47.00 and 45.00. Our medium-term outlook remains negative and we recommend holding short positions with the target at 40.00.
Nearest resistance levels: 50.00, 52.00, 53.00, 54.00, 58.50, 60.00, 64.00
Nearest support levels: 49.00, 47.00, 45.00, 44.00, 43.00, 40.00