The price of gold continues to decrease within the local descending channel and currently is around the level of 1140. Overcoming this mark will be the basis for further decline to the levels of 1220 and 1200. The signal about the change of local negative trend to a positive will be fixation of quotations above the level of 1150. We expect a correction in price soon.
Nearest resistance levels: 1150, 1165, 1190, 1205, 1215, 1230
Nearest support levels: 1140, 1120, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil has stabilized near the levels of 46,00-47,00 after the recent price correction upwards. In the near future quotations may reach the level of 48.00, and then continue to rise to 49,60 and 50,00. At the same time, we expect the resumption of the negative dynamics in the near future after the current downward price movement. Our medium-term outlook remains negative and we are waiting for a new sell signal.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 45.00, 44.00, 42.00, 40.00, 38.00