The price of gold was able to break through the resistance level of 1260 and at the moment is trying to gain a foothold above it. In case of continued rising dynamics, we expect further growth of price up to 1280 and 1300. It is worth noting that after the recent growth is possible the downward correction of prices to 1244 and objectives at 1230. Our medium-term outlook remains negative, but the current growth is likely to continue in the near future.
Nearest resistance levels: 1280, 1300, 1315, 1330
Nearest levels of support: 1244, 1220, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095
The price of Light sweet crude oil was not able to overcome the resistance level at 52.00 and started to correct downwards. Today quotations will probably reach the support level at 50.20 and its breaking through will be the basis for the continuation of negative dynamics of price with potential targets at 47.00 and 45.00. We expect the start of a substantial correction of prices in the near future and confirmation of the sell signal will be overcoming the local minimum at 48.00.
Nearest resistance levels: 52,00, 54,00, 56,00, 58,60
Nearest support levels: 50.20, 49.00, 47.00, 46.50, 45.00, 43.00, 40.00, 37.30, 36.00, 35.00