The price of gold continues to consolidate and at the moment is around the level of 1230. In case of continuation of the upward movement, quotes will reach an important resistance at 1244. In order to continue negative dynamics quotations need to break through the support level at 1210 and in such case, the closest target levels will be 1190 and 1165. We forecast a drop in the medium term, but do not rule out limited growth in the near future.
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 has broken the upper border of the descending channel and may continue to grow in the near future to 40.00. On the other hand, in the near future there is a high probability of resumption of the negative dynamics of price with the first targets at 37.30 and 36.00. Our medium-term outlook remains negative and we are waiting for the fall of quotations 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