The price of gold after consolidation near the level of 1140 corrected down to 1130 and stabilized above this mark. In the near future is possible the continued growth of quotations to 1150. On the other hand, the fall is limited by the level of support at 1120. According to our forecasts, growth of price may continue in the near future, but its potential is limited.
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 corrected upwards to the level of 47.00, but was unable to break it and resumed downfall. According to our estimates, at the moment there is a high probability of falling of price to the nearest support levels at 45.00 and 44.00. If the price fixates under these marks, we expect a continuation of the downward movement to the levels of 42.00 and 38.00. Our medium-term outlook remains negative.
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