The price of gold broke through the sloping support line and approached to the level of 1120. Within reduction the price can reach a target level at 1100. The price growth in the near future is limited by the resistance at 1150. In the near future there is a possibility of the rising rebound. We expect increased volatility today.
Nearest resistance levels: 1150, 1165, 1195, 1205, 1215, 1230
Nearest next support levels: 1120, 1110, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil has shown a sharp increase, and broke through the upper limit of descending channel, but was unable to gain a foothold above it and began to correct downwards. In the near future the price drop within the correction is likely to continue to the nearest target at 44.00. On the other hand, continued growth and fixation above 49.65 will be the basis for opening long positions, but such scenario is less likely. We maintain a negative medium-term outlook for oil.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 44.00, 42.00, 40.00, 38.00