The price of gold continues to move along the inclined line of resistance, and approached the support level at 1100. In the near future we may see a correction after a long period the price fall. The growth potential is limited by the levels of 1120 and 1140. Overcoming the support at 1,100 will lead to a continuation of the negative dynamics of price up to 1080 and 1060. The downward impulse may continue in the near future, and today we are forecasting growth of price volatility.
Nearest resistance levels: 1120, 1140, 1150, 1165, 1190, 1205, 1215, 1230
Nearest support levels: 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil has fallen sharply within the local ascending channel and reached its lower limit. In case of upward rebound quotations will return to the level of 48.00 and then can continue to grow to 49.65 and 50.00. In case of breaking through the boundary of the channel and overcoming the level of 46.00, we with a high probability expect continued negative dynamics of price to the target marks at 44.00 and 43.00. Our medium-term outlook remains negative.
Nearest resistance levels: 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 47.00, 46.00, 44.00, 42.00, 40.00, 38.00