The price of gold continues to fall within the descending channel yesterday, and was not able to overcome the resistance level at 1080 and the upper limit of the channel. In case of overcoming the given marks, quotes reach the level of 1095-1100, and then can continue the upward movement of prices to 1120 and 1140. More likely is a continuation of the negative dynamics of price after overcoming the level of 1065. In this case, the price will drop to 1050 and 1040. We forecast a drop in prices 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 continues to consolidate near the level of 43.00 and for continuation of growth the price needs to overcome the level of 44.00 that will allow further increase of the price to 45.00 and 47.00. After the completion of the current correction, we expect the resumption of the negative dynamics of price with the targets at 40.00 and 38.00. Our medium-term outlook remains negative.
Nearest resistance levels: 44.00, 46.00, 47.00, 48.00, 49.65, 50.00, 51.50
Nearest support levels: 43.00, 42.00, 40.00, 38.00