The price of gold has not been able to continue the growth and at the moment corrected downwards. In case of continuation of this decline, quotations may reach the levels of 1330 and 1315. A more likely scenario will be the resumption of growth of quotations with potential targets at 1375 and 1400. Our medium-term outlook remains positive, despite the possibility of a decline in the near future to 1330.
Nearest resistance levels: 1350, 1375, 1400, 1430, 1450
Nearest levels of support: 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil after reaching and certain consolidation around the inclined resistance line, began to decline within the correction. Currently quotes are around the level 42.00, and may continue to decline in the near future to the level of 40.00, the overcoming of which will be the basis for the continuation of negative dynamics of price to 37.30 and 36.00. Our medium-term outlook remains negative, and growth the near future is limited by the inclined resistance line.
Nearest resistance levels: 45,00, 46,30, 47,00, 48,50, 50,60, 52,00, 54,00
Nearest support levels: 43,00, 42,00, 40,00, 37,30, 36,00, 35,00