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 continues to consolidate near the psychologically important level of 60.00. The growth of quotations in the near future is limited by a local maximum of about 63.00. The breaking of the strong support level at 59.00, will be completion of the formation "head and shoulders", which indicates a change in the upward trend to the descending. We recommend to wait for a signal for opening short positions and maintain the medium-term negative outlook.
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