The price of gold declined after reaching the next level of 1990. In order to continue growth with targets at 1215 and 1230 quotations need to overcome the level of 1195 and gain a foothold above it. Falling the price is limited by the support levels at 1170 and 1150. We expect strong growth of volatility today and quotes probably will be reduced to a local minimum around 1170. Our medium-term outlook remains positive.
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 is gradually increasing and the amplitude of price fluctuations began to decline. Increase in price in the near future is limited by the levels of 61.70 and 62.70. In case of decrease quotations will reach the levels of 59.00 and 58.00 and the lower boundary of the local rising channel. Investorsâ activity according to our forecasts will be raised today. In the medium term we expect to see a drop in prices to the levels of 57.00 and 52.00.
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