The price of gold continued to rise after hitting local ascending channel's lower border. As a result, the price reached the level of 1140 and may continue to grow to 1150 and 1165 in the near future. The correction is limited by the lower border of the channel. Current growth may continue in the near future, but the medium-term outlook remains negative.
Nearest resistance levels: 1150, 1165, 1190, 1205
Nearest support levels: 1140, 1120, 1110, 1095, 1080, 1065, 1050, 1040, 1000, 960
The price of Light sweet crude oil has shown strong growth and offset some of the fall of the previous days. Currently quotes are above the level of 33.00 and further growth is limited by the sloping resistance line. In case of its overcoming the fall will continue until 35,00 and 36,00. At the moment, there is the possibility of renewed negative dynamics with the first target at 30.00. Our medium-term outlook remains pessimistic.
Nearest resistance levels: 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65
Nearest support levels: 33.00, 31.00, 30.00, 28.00, 25.00, 22.00, 20.00