The price of gold could not overcome the upper limit of the descending channel, and continued to decline in its boundaries. In the near future quotations may reach the level of 1040. In case of correction, quotations will return to the level of resistance at 1065 and the upper boundary of the channel. We expect strong price movements in the near future and expect the fall of quotations.
Nearest resistance levels: 1065, 1080, 1095, 1100, 1120, 1140, 1150, 1165, 1190, 1205
Nearest support levels: 1050, 1040, 1000
The price of Light sweet crude oil has reached a local minimum around 40.75 and rebounded from it and at the moment is corrected upwards. Within the correction quotes may reach the levels 42.00 and 43.65. Volatility today will be increased and, according to our forecasts, the likelihood of the continuation of the negative dynamics is significantly higher than growth. We maintain a medium-term negative outlook with the targets at 40.00, 38.00 and 35.00.
Nearest resistance levels: 42.00, 43.65, 44.00, 46.00, 47.00, 48.00, 49.65, 50.00, 51.50
Nearest support levels: 40.75, 40.00, 38.00, 35.00