The price of gold after breaking through the important level of 1180, is trying to gain a foothold below it. At the moment, quotes are reduced within the descending channel and can continue the current trend with the target near 1150. To change the local downtrend, the price must break the upper limit of the channel and gain a foothold above the level of 1200. Our medium-term outlook remains positive.
Nearest resistance levels: 1180, 1200, 1215, 1230, 1244, 1252, 1265, 1278, 1290
Nearest support levels: 1140 1120 1100
The price of Light sweet crude oil shows a decrease in volatility. Now quotations are consolidated near the level of 57.00. The growth of price in the near future is restricted by the levels 58.50 and 60.00. We look forward to the resumption of the downward movement with the target 54.00, overcoming of which will be the cause for further fall to 50.00. Our medium-term outlook remains negative.
Nearest resistance levels: 58.50, 60.00, 64.00, 68.00, 70.00, 72.00, 74.00, 76.00, 76.70
Nearest support levels: 54.00, 50.00