The price of gold slightly rolled down and came close to the level of 1330. In the case of continued negative dynamics, the price fall will continue till 1315 and 1300, but breaking of the psychologically important level of 1300 is unlikely. In the near future, the growth of quotations is likely to continue until the target marks 1356 and 1375. Our medium-term outlook remains positive, and we expect growth in the coming weeks.
Nearest resistance levels: 1356, 1375, 1400, 1430, 1450
Nearest levels of support: 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil has not overcome an inclined resistance line and corrected till the important level of 45.00. The growth in the near future is limited by the inclined line of resistance and the level of 47.00. According to our estimates, more likely in the near future will be a decline of price to 43.40, after which the negative dynamic may continue until 40.00 and 37.30. Our medium-term outlook remains negative with the objectives at 35,00-36,00 and we forecast a decline in the next few days.
Nearest resistance levels: 45,00, 46,30, 48,50, 50,60, 52,00, 54,00
Nearest support levels: 43,00, 42,00, 40,00, 37,30, 36,00, 35,00