The price of gold after a correction has continued falling and has overcome the level of 1100. According to our forecasts the decline will continue in the near future with the potential of to fall 1088 and 1060. In case of growth quotations may return to the levels of 1110 and 1120. At the moment, we see no reasons to change the current negative trend and expected the fall in the near future, but in the medium term, growth is likely to resume.
Nearest resistance levels: 1100, 1120, 1143, 1150, 1165, 1195, 1205, 1215, 1230, 1244
Nearest support levels: 1088, 1060, 1050, 1100
The price of Light sweet crude oil has corrected to the upper boundary of the downward channel and resumed falling. At the moment, quotations are located near the level of 50.00 and overcoming this mark will be the basis for the continuation of the downward price movement to the next support levels at 49.00 and 48.00. Our medium-term outlook remains negative.
Nearest resistance levels: 51.50, 52.00, 54.00, 55.00, 57.00, 58.00, 59.25, 60.00, 61.70
Nearest support levels: 50.00, 48.00, 47.00