The price of gold has shown a strong increase in volatility yesterday, but after a sharp decline, has returned to the levels of the previous day. For the continuation of growth, the price needs to break through an inclined to resistance line and the level of 1170. In case of continued downward movement, the price will reach 1150 and 1143. We keep positive outlook for the medium-term, but in the near future we can see the continuation of a downward trend.
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 oilwas fixed below the mark 58.00, and continued to decline within the local descending channel and reached the target level at 57.00. Currently quotes are trying to gain a foothold below this mark and continue the downward movement to 52.00 and 50.00. Within the correction, price may return to the level of 58.00. We keep a negative outlook and medium-term forecast drop in prices in the near future.
Nearest resistance levels: 57.00, 58.00, 59.25, 60.00, 61.70, 62.70, 64.00, 70.00
Nearest support levels: 54.00, 52.00, 51.00, 50.00, 48.00, 47.00