The price of gold corrected upwards after a rebound from the support at 1180. At the moment, the price of the downward movement has resumed after failed to overcome the 1190 level and an inclined resistance line. In case of resumption of growth, quotes will reach the level of 1210 and 1220. On the other hand, the fall is limited by the support at 1170 and 1150. Our medium-term outlook remains positive.
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 dropped to the level of 59.00, but was unable to continue falling and currently is gradually increasing along the lower boundary of the rising channel. The growth of price in the near future is limited by the level of 63.00. The signal for opening short position will be fixing the price below the mark 59.00. Our medium-term outlook remains negative and we expect a sell signal.
Nearest resistance levels: 63.00, 64.00, 70.00
Nearest support levels: 59.00, 58.00, 56.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00