The price of gold rebounded from local descending channel's lower border. It is worth noting that yesterday quotations showed a sharp decline after a long consolidation, and reached next target level at 1315. In case of continuation of the current correction, quotes, will return to the level of 1230. In the near future quotations may resume decline within the descending channel and reach the psychologically important level of 1300. Our medium-term outlook remains positive, despite the expected decline in the near future.
Nearest resistance levels: 1330, 1350, 1370, 1400, 1430, 1450
Nearest levels of support: 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil increases in the correction after again failed to overcome the support level at 45.00. In case of continued negative dynamics and fixation above the level of 46.30, we expect further growth to the upper limit of the downward channel. Our medium-term outlook remains negative and we expect negative dynamics in the near future.
Nearest resistance levels: 46,30, 47,00, 48,50, 50,60, 52,00, 54,00, 56,00, 58,60
Nearest support levels: 45,00, 43,00, 40,00, 37,30, 36,00, 35,00