The price of gold continued to decline within the local descending corridor and at the moment is trying to gain a foothold below the level of 1165. The next target level in case of a further fall will be 1150. In case of resumption of growth, quotations will return to a local maximum at 1190, and may continue decline to 1200. We expect increased volatility this week, and resumption of growth in in the near future.
Nearest resistance levels: 1190, 1205, 1215, 1230
Nearest support levels: 1165, 1150, 1140, 1120, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil continues to decline gradually within the local descending corridor. Nearest target level is 44.00, after which the price can start to correct upwards. On the other hand, overcoming the support at 44.00, will be the basis for the continuation of negative dynamics of price to the levels of 42.00, 40.00 and 38.00. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 44.00, 42.00, 40.00, 38.00