The price of gold broke through 1130and reached the support at 1120 above which is consolidating at the moment. Within the local downward trend the price can reach the support level at 1100. In case of a rebound, quotes will reach 1130 and 1140. According to our estimates, quotes will continue to consolidate around current levels in the near future.
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 was not able to continue yesterday's fall and returned to the level of 47.00. Overcoming and fixing above this mark will be the basis for opening long positions with a target at 49.65. More likely is a drop in prices up to 44.00 in the near future. Our medium-term outlook remains negative and we expect a fall in the near future within the range 44,00-47,00.
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