The price of gold has shown a rise in volatility and as a result reached a resistance level at 1356 the overcoming of which will be the basis for further growth until 1375 and 1400. Now there is an increased probability of price correction within the corridor 1330-1356. According to our estimates, the growth will continue in the medium term, but the price may fall today within the correction.
Nearest resistance levels: 1356, 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 increases inside the rising channel and recently broke through the level of 47.00. This fact is the basis for continued growth of quotations until 48.50 and 50.60. The signal about change of the trend will be breaking through the lower border of the local descending channel and the nearest support at 46.30. Our medium-term outlook remains negative and we expect a decrease in the near future.
Nearest resistance levels: 48,50, 50,60, 52,00, 54,00
Nearest support levels: 47,00, 46,30, 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00
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Technical Analysis
