The price of gold continues to consolidate between the support level at 1080 and the upper boundary of the descending channel, in case of breaking through which, quotes will rise to 1110. Fixing the price above this level will be a signal for opening long positions with the targets at 1030 and 1050. The breaking of support at 1080 will lead to further decrease in quotations to 1060 and 1050. We expect the price decline in the near future, but do not exclude a correction to 1110.
Nearest resistance levels: 1110, 1120, 1143, 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1080, 1060, 1050, 1100
The price of Light sweet crude oil continues to decline along the boundary of the descending channel. Currently quotations approached to the target level at 45.00 and in the near future we may see the price correction with the potential of reaching 47.00 and 49.65 marks. We still expect a decrease in prices and predict saving the negative dynamics in the medium term.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00, 55.00, 57.00
Nearest support levels: 45.00, 44.50, 42.00, 40.00