The price of gold broke through the inclined support line and an important mark 1230, which was a confirmation of the signal to sell. In this regard in the near future quotations may reach the level of 1200, the overcoming of which will be the basis for further reduction until 1165 and 1140. Our medium-term outlook remains negative, and growth in the near future within the correction is limited by the level of 1230.
Nearest resistance levels 1230, 1244, 1280, 1300, 1315, 1330
Nearest levels of support: 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080
The price of Light sweet crude oil after a long consolidation below the level of 42.00, started to decline and breaking through the inclined support line and the level of 40.00 became a confirmation of the signal to sell. In case of correction, quotations may rise to the upper boundary of the local descending channel, but more likely is the reduction of prices with the potential achieving levels of 37.30, 34.00 and 31.00. Our medium-term outlook is also negative.
Nearest resistance levels: 40.00, 42.00, 44.00, 45.00, 49.00
Nearest support levels: 38.00, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00