The price of gold showed a decrease after has reached 1350 and could not overcome the resistance level at 1356. At the moment quotes are trying to gain a foothold below the level of 1330, which will be the basis for the continuation of the negative dynamics of price till 1315 and 1300. In case of resumption of growth, quotes will return to the levels of 1350 1356. Our medium-term outlook remains positive, and we expect an increased level of volatility in the near future.
Nearest resistance levels: 1330, 1356, 1375, 1400, 1430, 1450
Nearest levels of support: 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil started to correct downwards after the recent increase and as a result approached to the level of 45.00. In case of breaking this level, quotes will continue the decline to 43.00 and 40.00. We do not exclude the rebound of price with a potential target at 47.00. Our medium-term outlook remains negative and we expect a price decline in the near future.
Nearest resistance levels: 46,30, 48,50, 50,60, 52,00, 54,00
Nearest support levels: 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00