The price of gold has shown strong growth of volatility within which reached an important level of 1350. At the moment, the quotes corrected downwards, and can reach the level of support at 1330. The reason for continuation of the upward price movement with the potential targets at 1375 and 1400 will be the price fixing above 1350. Our medium-term outlook remains positive and growth is likely to resume in the near future.
Nearest resistance levels: 1350, 1375, 1400, 1430, 1450
Nearest levels of support: 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil continued to rise after broke through the upper limit of the rising channel and the level of resistance at 46.30. In case of overcoming the level of 47.00, closest target will be 48.50. According to our estimates, after a strong growth, there is a high probability of a downward correction in the near future with the first targets at 45.00 and 43.00. Our medium-term outlook remains negative and the fall is likely to resume in the near future.
Nearest resistance levels: 47,00, 48,50, 50,60, 52,00, 54,00
Nearest support levels: 46,30, 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00