The price of gold after reaching the level of 1150, started to correct downward and returned to the level 1140, the overcoming of which will be the basis for the continuation of the downward movement of quotations to 1120. In order to continue to grow to the next target levels of 1165-1170, is needed to overcome resistance at 1150. We expect the price decline in the near future time.
Nearest resistance levels: 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1140, 1120, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil reached the psychologically important mark of 50.00 and started to correct downward. Continued correction is possible to the levels 48.00 and 47.00. Fixing the price above the level of 49.65 and overcoming 50.00 will be the basis for continued growth till 51.50. We expect additional signal to open a position and indicate growth of probability of increase in prices in the near future.
Nearest resistance levels: 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 48.00, 47.00, 44.00, 42.00, 40.00, 38.00