The price of gold showed strong decline of price after which stabilized around the level of 1230. In case of rebound from this level, closest target will be 1244. According to our estimates, quotes will continue to decline in the near future, and in this case, the targets will be 1200, 1165 and 1140. Our medium-term outlook remains negative and we expect a further drop of price in the near future.
Nearest resistance levels: 1244, 1280, 1300, 1315, 1330
Nearest levels of support: 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080
The price of Light sweet crude oil corrected up after it failed to reach the next support level near 37.30. A further increase in price within the correction is limited by the psychologically important level of 40.00. According to our forecast, price will continue to drop in the near future due to the recent breaking through the lower border of the local ascending channel. Our medium-term outlook remains negative.
Nearest resistance levels: 40.00, 40.75, 42.00
Nearest support levels: 39.65, 38.00, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00