The price of gold after a minor correction was not able to reach the resistance level of at 1244 and resumed decline. Currently quotes approached the lower boundary of the rising channel and the level of 1230. A breaking of this level will be a signal for the continuation of negative dynamics with the first target at 1210 and then drop may continue to 1190 and 1165. The increase is limited by the limits of the channel and the levels 1244 and 1265. Our medium-term outlook is negative.
Nearest resistance levels: 1244, 1280, 1300, 1315, 1330
Nearest levels of support: 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080
The price of Light sweet crude oil gradually reduced after a strong growth in the previous week. Currently quotes broke through the level of 43.00 and may continue the decline to 42.00 and the inclined support line. Fixing of price below these levels will be a signal for decrease with the targets at 40.00 and 37.30. Our medium-term outlook remains negative and we expect to acceleration decline in the near future.
Nearest resistance levels: 43.00, 44.00, 45.00, 49.00, 50.00, 51.50
Nearest support levels: 40.00, 37.30, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00