The price of gold has broken through upper limit of the local downward channel and the level of 1315. Fixing of price above this level will be the basis for continued growth with targets at to 1330 and 1350. The fall in the near future is limited by the psychologically important level of support at 1300 and in case of its breaking through, we can see a further decrease to 1280 and 1244. Our medium-term outlook remains positive, and we expect strong price movements in the near future.
Nearest resistance levels: 1330, 1356, 1375, 1400, 1430, 1450
Nearest levels of support: 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil has corrected upwards and has broken through the upper limit of the local downward channel. If the price fixates above the level of 45.00, we expect continued growth till 47.00, but more likely will be saving of negative dynamics to target levels at 43.00 and 40.00. Our medium-term outlook remains negative and we expect a strong movement in the near future.
Nearest resistance levels: 46,30, 48,50, 50,60, 52,00, 54,00
Nearest support levels: 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00