The price of gold corrected upwards in the descending channel and currently quotes are above the level of 1260. In case of continuation of correction, the price can return to the resistance at 1280, 1300, and the upper boundary of the channel. According to our forecast a fall in price in the near future may continue until 1244 and 1220, but we maintain a medium-term positive outlook, and a buy signal will be fixing above 1300.
Nearest resistance levels: 1280, 1300, 1315, 1330, 1356, 1375, 1400, 1430, 1450
Nearest levels of support: 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil corrected downwards after it failed to gain a foothold above the level of 50.60, and at the moment quotes are trying to gain a foothold below the level of 50.00. In case of success we expect the continuation of a negative price dynamics to 47.00 and 48.50. The growth in the near future is limited by the levels of 50.60 and 52.00. We maintain our medium-term negative outlook and expect the decrease in the near future.
Nearest resistance levels: 50,60, 52,00, 54,00
Nearest support levels: 48,50, 47,00, 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00