The price of gold continues to consolidate around the level of 1200. In case of breaking through and fixing the price below this level, quotations will continue to fall to 1165 and 1140. At the moment, there is a possibility of rebound of quotations from current levels with the upside potential to 1230, and 1244. At the moment, the amplitude of price fluctuations is reduced, which can then lead to a strong price movement. Our medium-term outlook remains negative and we are waiting for the volatility growth in the nearest future.
Nearest resistance levels: 1230, 1244, 1256, 1280, 1300
Nearest support levels: 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080, 1065
The price of Light sweet crude oil has shown a strong decline after could not overcome the level of 33.00. As a result, quotations have decreased to a level around 31.00 where continues to consolidate at the moment. In case of continuation of the downward dynamics quotations will reach the levels of 30.00, 28.00 and 25.00. Growth is limited by the level of 33.00. Our medium-term outlook remains negative and we expect a fall in the near future.
Nearest resistance levels: 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00
Nearest support levels: 31.00, 30.00, 28.00, 25.00, 22.00, 20.00