The price of gold rebounded upwards after the recent decline, and as a result reached the level of 1330 and the inclined resistance line. In case of continuation of positive dynamics of quotations and fixing above the level of 1330, we expect further growth of price with the first targets at 1350-1356, after overcoming of which growth can continue until 1375 and 1400. In case of further decline, we expect reaching the levels 1315 and 1300. Our medium-term outlook remains positive, but the decline may continue 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 resumed fall after the recent price rebound approaching to 47.00. In the near future quotes will probably return to the level of 45.00, and overcoming of this level will be the basis for the continuation of negative dynamics of price with potential targets at 43.00 and 40.00. The upward movement is possible up to the level of 47.00. Our medium-term outlook remains negative and we expect a fall 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