The price of gold started to correct sharply after reaching the mark of 1220 and currently has returned to the level of 1200 and the lower boundary of the local rising channel. If the price will fix above 1200, we expect continued growth in prices with the first target at 1230. A further reduction is limited by the support levels at 1175 and 1150. We maintain positive medium-term outlook for gold and expect increased volatility in the price of gold today.
Nearest resistance levels are 1220, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1200, 1175, 1150, 1140, 1100
The price of Light sweet crude oil corrected down after a sharp rise and reaching the mark of 53,00. At the moment, quotes are trying to gain a foothold above the upper boundary of the local rising channel. The price volatility in the near future will remain high. We maintain medium-term negative outlook with the target at 40.00, but in the near future we can see an increase to 54.00.
Nearest resistance levels: 53.00, 54.00, 58.50, 60.00, 64.00
Nearest support levels: 50.00, 49.00, 47.00, 45.00, 44.00, 43.00, 40.00