The price of gold after the recent correction to an inclined resistance line, continued to fall, and at the moment is higher than the level of 1210. In the near future quotes will probably continue to decline and target levels in this case will be 1190 and 1165. The resumption of growth is possible only in case of breaking through the inclined line of resistance and the level of 1230. Our medium-term outlook remains negative.
Nearest resistance levels: 1230, 1244, 1280, 1300, 1315, 1330
Nearest levels of support: 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080
The price of Light sweet crude oil continues to decline within the descending channel after changed its upward trend to the negative. Currently quotes are near the level of 37.30, which has broken through earlier, that is the reason for the continuation of the negative dynamics of the price to 34.00 and 31.00. In case of correction, the price may rise to the upper limit of the downward channel. Our medium-term outlook remains negative.
Nearest resistance levels: 37,30, 40.00, 42.00, 44.00, 45.00, 49.00
Nearest support levels: 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00