The price of gold sharply declined to the level of support 1165, and may continue downward movement until 1150. Growth of price is limited by the level of 1190, after overcoming of which growth may continue to the levels of 1200 and 1215. At the moment, there is a possibility of rebound of price upwards, but more likely is a continuation of the consolidation of price in the range of 1150-1190.
Nearest resistance levels: 1190, 1205, 1215, 1230
Nearest support levels: 1165, 1150, 1140, 1120, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil continues to fall along an inclined line and support and may soon reach the target level of 44.00. Within the correction quotations may grow to 48.00 above which we recommend to keep the stop. Our medium-term outlook remains pessimistic and according to our estimates, the price decline with a high probability will continue 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