The price of gold continued to decline along the upper boundary of the descending channel and in case of its overcoming will grow to 2080. Overcoming this level will become the basis for continued growth to 1095-1100. At the moment, there is a high probability of further negative price movements within the channel to the levels 1050 and 1040. We expect the decline in the near future and look forward to the increased volatility In the near future.
Nearest resistance levels: 1080, 1095, 1100, 1120, 1140, 1150, 1165, 1190, 1205
Nearest support levels: 1065, 1050, 1040, 1000
The price of Light sweet crude oil is around the important level of 42.00. For the continuation of the fall with the objectives at 40.00 and 38.00, quotations need to overcome the local minimum around 41.00. In case of resumption of growth, the price will reach 43.65, after overcoming of which rise will continue to the upper limit of the downward channel. We expect the price drop and wait for the signal to sell.
Nearest resistance levels: 43.65, 44.00, 46.00, 47.00, 48.00, 49.65, 50.00, 51.50
Nearest support levels: 42.00, 40.00, 38.00