The price of gold after overcoming the level of 1140, continued to grow and now is consolidating above the level of 1150. In case of correction, quotations will return to the lower boundary of the local rising channel and level of 1140. Growth of price in the near future is limited by the levels of 1165 and 1190. Our medium-term outlook remains negative, but we do not exclude the continuation of growth in the near future.
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 within the growth reached the inclined line of resistance, and started to decline. Currently quotations are consolidated around the level of 33.00 and according to our forecasts will continue to fall in the near future with the first targets at 30.00 and 28.00. Growth is possible until the inclined resistance line after breaking through which a positive trend may continue until 35,00 and 36,00. Our medium-term outlook remains negative.
Nearest resistance levels: 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65
Nearest support levels: 31.00, 30.00, 28.00, 25.00, 22.00, 20.00