The price of gold showed growth yesterday, but was unable to continue it after reaching the level of 1190. In order to continue rising dynamics with targets at 1215 and 1230 quotations need to overcome the resistance at 1195. In case of reduction quotations may fall to the levels 1170 and 1150. Our medium-term outlook remains positive and we expect a strong increase in volatility in the near future.
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 reach the level of 59.00 and started to correct upwards and returned to the levels above 60.00. Further growth in the near future is limited by the levels of 61.70 and 62.70, as well as the upper boundary of the channel. According to our forecast quotations will resume a downward movement in the near future and will reach the level of 58.00 and 57.00. We still expect lower prices in the medium term.
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