The price of gold continued to decline within the local descending channel. At the same time quotes continue to move near the level of 1185. In the case of a fall, quotes will reach the levels 1170 and 1150. The breaking of the upper boundary of the descending channel and fixing above the local maximum at 1195. We keep medium-term positive outlook for gold, but the fall is likely to continue in the near future.
Nearest resistance levels: 1200, 1215, 1230, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1185, 1170, 1150, 1140, 1100
The price of Light sweet crude oil gradually decreases after breaking through the strong level of 60.00. The growth of quotations in the near future is limited by the levels of resistance at 61.00 and 62.70. Falling the price will probably continue in the near future and the first targets will be 58,00 and 57,00. Our medium-term outlook remains negative and we expect strong growth in volatility the price tomorrow.
Nearest resistance levels: 61.00, 62.70, 64.00, 70.00
Nearest support levels: 59.00, 58.00, 56.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00