The price of gold corrected upwards and may soon return to the resistance level at 1244 the overcoming of which will be the basis for further growth until 1265. The decline in the near future is limited by strong support level at 1210. Our medium-term outlook remains negative and confirming sell signal with the objectives at 1165, and 1140 will be the fixation of price below the level of 1210. Our medium-term outlook remains negative.
Nearest resistance levels: 1244, 1280, 1300, 1315, 1330
Nearest levels of support: 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080
The price of Light sweet crude oil has shown the gap down at the beginning of the trading week and at the moment is below the important level of 40.00. Fixation below this level will be the basis for the continuation of negative dynamics with the nearest target levels at 37.30 and 36.00. In case of correction, quotations may return to the level of resistance at 42.00. Our medium-term outlook remains negative and we expect a fall in the near future.
Nearest resistance levels: 40,00, 42,00, 43,00, 44,00, 45,00, 49,00
Nearest support levels: 37,30, 36,00, 35,00, 33,00, 31,00, 30,00, 28,00, 25,00