The price of gold after the upward correction has reached the level of 1100 but failed to gain a foothold above it and resumed its decline. This fact is the basis for the continuation of the downward movement of price up to 1060. The growth of quotations in the near future is limited by the resistance at 1100, the overcoming of which will be the basis for further growth of price to 1130 and 1150. Our medium-term outlook remains negative.
Nearest resistance levels: 1088, 1100, 1120, 1143, 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1060, 1050, 1100
The price of Light sweet crude oil continued the downward movement along the upper boundary of the descending channel, and after overcoming the critical level of 50.00 will probably reach the nearest target mark on 47.00. In case of breaking through the upper boundary of the channel signal for opening long positions will be fixing the price above 51.50. In this case, quotations will rise to 54.00. Our medium-term outlook remains negative, but the potential of fall has declined.
Nearest resistance levels: 50.00, 51.50, 52.00, 54.00, 55.00, 57.00, 58.00, 59.25, 60.00
Nearest support levels: 48.00, 47.00, 45.00