The price of gold corrected downwards after the strong growth and at the moment is trying to gain a foothold above the level of 1180. The reason for the continued growth of prices to the target marks 1215 and 1230 will be fixation of quotations above 1195. Falling of prices in the near future is limited by the levels 1170 and 1150. According to our forecasts, growth will continue in the medium term, but the quotes may fall in the coming days.
Nearest resistance levels: 1195, 1200, 1215, 1230, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1170, 1150, 1140, 1100
The price of Light sweet crude oil could not continue to grow and gain a foothold above the level of 61.70. Currently quotes are falling and, according to our estimates in the near future will continue to decline to 58.00 and 57.00. We recommend to open short positions with a stop above 63.00. Our medium-term outlook remains negative.
Nearest resistance levels: 61.70, 62.70, 64.00, 70.00
Nearest support levels: 58.00, 57.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00