The price of gold has stabilized near the level of 1170 and was unable to continue the upward movement. Further reduction is possible to the levels 1150-1160. Potential fall in the price is minimal and we expect renewed growth of quotations in the medium term. Nearest targets are 1200 and 1220. Our medium-term outlook remains positive.
Nearest resistance levels: 1180, 1200, 1220, 1230, 1244, 1252, 1265, 1278, 1290, 1300
Nearest support levels: 1160, 1150
The price of Light sweet crude oil keeps consolidating between the support level at 79.40 and the sloping line of resistance. It is worth noting that the amplitude of price fluctuations steadily decreases, indicating a strong future price movement. Signal about the change of the current negative trend will be fixing the price above 84.00, but we expect continuation of falling in the near future. Our medium-term outlook also remains negative.
Nearest resistance levels: 84.00, 85.50, 87.00, 89.00, 90.00, 92.00, 94.20, 95.00, 95.50
Nearest support levels: 80.00, 77.00, 75.00