The price of gold after rising and reaching the upper limit of the local descending channel started to correct downwards and now is around the level of 1065. In case of further decline, quotations will reach a local minimum of 1050, and then may continue to decline to 1040, 1020 and 1000. The buy signal in case of renewal growth will be price fixing above the level of 1080. We forecast a decline in the near future.
Nearest resistance levels: 1065, 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205
Nearest support levels: 1050, 1040, 1000, 960
The price of Light sweet crude oil after certain correction resumed falling and may soon reach the level of 36.00. Overcoming this mark will lead to the continuation of the negative dynamics of the price to 35.00 and 32.00. The upward movement is possible within the correction to the upper limit of the downward channel. We maintain a pessimistic outlook for prices and see no reason to change the current trend.
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