The price of gold continued to decline within the local descending channel after failed to overcome the level of 1080. The next upside target level is 1065, after overcoming of which decline may continue until 1050. The growth of quotations in the near future is limited by the levels of 1090-1100. We look forward to strong price movements this week and forecast a further drop in prices today.
Nearest resistance levels: 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205
Nearest support levels: 1065, 1050, 1040, 1000
The price of Light sweet crude oil continued to decline gradually and update the multi-year lows. Currently quotes are near the mark of 37.00, and may continue to decline to 35,00-36,00. Taking into account the long-term decline, we can see the correction of prices in the near future with the first targets at 40,00-40,75. Our medium-term outlook remains negative, but the downside was reduced.
Nearest resistance levels: 38.00, 40.00, 40.75, 42.00, 43.65, 44.00, 46.00, 47.00, 48.00
Nearest support levels: 36.00, 35.00, 32.00, 30.00