The price of gold has stabilized around the level of 1140 after steady growth after the price broke through the inclined resistance line. The next upside target level in case of continued growth will be 1150. Within the correction, quotes can be reduced to 1120 and 1100. We assume the possibility of continuing the growth of prices, but at the moment there is a possibility of a downward price correction.
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 has not fixed above the level of 47.00 and started to correct downwards. In case of breaking through the level 44.00, we recommend to open short positions with the targets at 42.00 and 38.00. At the moment, there is a high probability of further short-term upward movement of price to 47.00. Our medium-term outlook remains negative despite the likely continued growth in the near future.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 44.00, 42.00, 40.00, 38.00