The price of gold could not overcome the level of 1200 and resumed falling. Currently quotes returned inside the descending channel and the downward movement may continue to 1170 and 1150. The growth of quotations in the near future is limited by resistance levels at 1210 and 1220. We expect a continuation of the price movement within a range of 1150-1220 in the near future, but maintain the medium-term positive outlook.
Nearest resistance levels: 1190, 1210, 1220, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1180, 1150, 1140, 1100
The price of Light sweet crude oil corrected downwards inside the rising channel and in the near future is likely to continue to rise to 64.00. In case of breaking through the lower boundary of the rising channel and fixing the price below the mark 59.00, we recommend to open short positions with the targets at 52.00 and 45.00. Our medium-term outlook remains negative, but growth is likely to continue in the near future.
Nearest resistance levels: 64.00, 70.00
Nearest support levels: 60.00, 59.00, 58.00, 56.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00