The price of gold within the strong decline broke through the support level at 1170, which is the basis for the further reduction of prices to the target levels of 1150 and 1143. In case of resumption of growth, the price may rise to 1190 and 1205. We expect the resumption of growth in gold prices in the medium term, but soon we can see a continuation of the downward price movement.
Nearest resistance levels: 1170, 1195, 1205, 1215, 1230, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1150, 1143, 1100
The price of Light sweet crude oil has shown a sharp decline within the local descending channel and reached the target level at 57.00. Overcoming and fixing the price below this level will be the basis for the continuation of the fall to the levels of 54.00 and 52.00. The signal for a change of the local downtrend to positive will be breaking through the level 58.00, and the upper limit of the downward channel. We maintain a medium-term negative outlook, but today we can see a correction upwards.
Nearest resistance levels: 58.00, 59.25, 60.00, 61.70, 62.70, 64.00, 70.00
Nearest support levels: 57.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00