The price of gold after strong growth in the previous days has reached the upper boundary of the ascending channel and the level of 1200. At the moment, quotations are consolidated below this level. In case of overcoming it, quotations will continue to rise till 1230, and 1244. In the near future we may see a correction of price to 1165. Our medium-term outlook remains negative, but we do not exclude the continuation of price growth in the near future.
Nearest resistance levels: 1190, 1200, 1230, 1244, 1252
Nearest levels of support: 1165, 1150, 1140, 1120, 1110, 1095, 1080, 1065, 1050, 1040, 1000
The price of Light sweet crude oil accelerated the fall and has reached the important level of 30.00. Fixation lower than this mark is the basis for the continuation of the negative dynamics of price with the potential decrease to 28.00 and 26.00. The growth in the near future is limited by an inclined line of resistance and the mark of 33.00. We expect a further drop in price in the near future and medium term.
Nearest resistance levels: 31.00, 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65
Nearest support levels: 30.00, 28.00, 25.00, 22.00, 20.00