The price of gold showed confident growth after breaking through the inclined line of resistance and has overcome the mark of 1120. Currently quotations are consolidated around the level of 1130. The closest target level in case of continued growth will be 1150 and 1170. The fall in the price is limited by the level of support at 1100. We expect further growth of prices, but its potential remains low.
Nearest resistance levels: 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1120, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil after the strong growth before has stabilized around the level of 47.00. In case of continued growth after the consolidation, we expect the increase to 49.65. Falling is limited by strong support at 44.00, the overcoming of which will be a signal to open short positions with the targets at 42.00 and 38.00. Our medium-term outlook remains negative.
Nearest resistance levels: 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 47.00, 44.00, 42.00, 40.00, 38.00