The price of gold after the recent growth during which approached the level of 1244 corrected down and now is consolidating above the level of 1230. The breaking of this level will be the basis for the continuation of negative dynamics with the target levels at 1200, 1165 and 1140. The growth of quotations is limited by the level of 1244, and its overcoming in the near future is unlikely. We maintain our medium-term negative view and expect a downward price movement in the near future.
Nearest resistance levels: 1244, 1280, 1300, 1315, 1330
Nearest levels of support: 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080
The price of Light sweet crude oil continued descending dynamics along the inclined line of resistance and may soon reach the mark of 37.30, overcoming of which is the basis for the continuation of negative dynamics with the targets at 34.00 and 31.00. The growth of quotations within the correction is limited by the resistance at 40.00. Our medium-term outlook remains negative and we with a high probability expect further decline in the near future.
Nearest resistance levels: 40.00, 42.00, 44.00, 45.00, 49.00
Nearest support levels: 37,30, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00