The price of gold corrected upwards to the level of 1080 and the upper boundary of the channel. In case of overcoming these levels, the growth of quotations will continue till 1095-1100, but the more likely scenario according to our forecasts is a continued negative dynamics of price within the channel with the nearest at objectives of 1060 and 1050. We expect the price decline in the near future.
Nearest resistance levels: 1080, 1100, 1120, 1140, 1150, 1165, 1190, 1205, 1215, 1230
Nearest support levels: 1060, 1050, 1000
The price of Light sweet crude oil showed growth yesterday and broke through the resistance level at 43.00 but failed to continue the upward movement of quotations and resumed falling. In the near future quotations may continue the current negative trend with the objectives at 40.00 and 38.00. Continued growth in the near future is possible to the levels 44.00 and 45.00, but is unlikely. We maintain a negative medium-term outlook for oil.
Nearest resistance levels: 43.00, 44.00, 46.00, 47.00, 48.00, 49.65, 50.00, 51.50
Nearest support levels: 42.00, 40.00, 38.00