The price of gold has broken the resistance level at 1280 and the upper boundary of the rising channel. As a result, quotations approached the important resistance level of 1300 and its overcoming will be the basis for the continuation of the upward price movement with target levels at 1315 and 1330. Today we can see a drop in prices within the correction with the first targets at 1280 and 1265. Our medium-term outlook remains negative and we expect a decline of quotations in the medium term, despite the likely increase in May.
Nearest resistance levels: 1300, 1315, 1330
Nearest levels of support: 1280, 1244, 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095
The price of Light sweet crude oil corrected downward within the ascending channel and reached the important support level at 45.00. Fixing the price below this level is the basis for the continuation of the negative dynamics of price with a target at 43,00, fixing below which will confirm the sell signal with the potential of reaching the marks 42,00 and 40,00. Our medium-term outlook remains negative and we are waiting for the continuation of the negative dynamics in the near future.
Nearest resistance levels: 47.00, 49.00, 50.00, 51.50
Nearest support levels: 45.00, 43.00, 40.00, 37.30, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00