The price of gold has broken through the level of 1220, and is continuing to decline. We predict that in the near future quotations will reach the levels of 1200 and 1180. The potential of further reduction declined significantly and we expect that the price will stabilize around the level of 1200, and then will resume the upward movement. Our medium-term outlook remains positive.
Nearest resistance levels: 1220, 1240, 1244, 1252, 1265, 1278, 1290, 1300, 1320, 1330
Nearest support levels: 1200, 1180
The price of Light sweet crude oil continues to decline after another unsuccessful attempt to break the upper limit of the downward channel. Signal to close short positions will become fixing the price above 94.00. In such a case we advise to open long positions. According to our estimates, in the near future quotations will reach the level of 90.00. Our medium-term outlook remains negative.
Nearest resistance levels: 92.50, 94.00, 95.00, 95.50, 96.00, 98.00, 100.00
Nearest support levels: 91.00, 90.00, 89.00, 87.50