The price of gold after reaching the level of 1170 rebounded upwards and offset the losses. At the moment, quotes approached the psychologically important level of 1200. Continued growth and overcoming the level of 1210 will cause further increase with the objectives of 1230, 1244 and 1252. The fall of price is limited by a strong resistance level at 1170. We expect growth of quotations in the near future and maintain a positive medium-term forecast.
Nearest resistance levels: 1200, 1215, 1230, 1244, 1252, 1265, 1278, 1290
Nearest support levels: 1180, 1140, 1120, 1100
The price of Light sweet crude oil gradually decreases along the bottom of the descending channel and reached the mark of 52.00. At the moment, there is a possibility of technical price correction to the upper boundary of the channel and the level of 54.00. At the same time, we expect a further fall in prices with the target at 50,00 and keep medium-term negative outlook.
Nearest resistance levels: 54.00, 58.50, 60.00, 64.00, 68.00, 70.00, 72.00, 74.00, 76.00
Nearest support levels: 52.00, 50.00