The price of gold continues to consolidate below the level of 1100 and reached the upper limit of the downward channel. In case of breaking and fixing above the local maximum at 1110, we expect continued growth to 1030 and 1050. On the other hand, at the moment there is a high probability of reducing the price of gold to the first target at 1080, after which, the fall may continue to 1060. We expect a decline in the near future.
Nearest resistance levels: 1110, 1120, 1143, 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1080, 1060, 1050, 1100
The price of Light sweet crude oil has continued to fall and reached the local minimum at 47.00. Overcoming this level is the basis for further price decline to 45.00. In case of correction, quotations can return to the level of 49.65. Now we expect a further fall in price in the near future and in the medium term, but its potential has decreased.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00, 55.00, 57.00
Nearest support levels: 45.00, 44.50, 42.00, 40.00