The price of gold showed growth during which came close to the upper boundary of the downtrend channel and resistance level of 1230. The breaking of this level will be the basis for continued growth of price to 1244 and 1260. According to our forecast, price will continue to fall in the near future and after breaking through the level of 1210, the price will fall to 1190 and 1165. Our medium-term outlook is also 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 after breaking through the support level at 37.30, continued to fall and reached the lower limit of the downward channel. In the near future we may see a drop in prices to the level of 34.00. In case of correction, quotations may rise to the upper boundary of the local descending channel and levels of 37.30. Our medium-term outlook remains negative and we are waiting for a decline in the near future.
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