The price of gold corrected upwards and at the moment is near the level of 1100. In case of continued growth and overcoming of resistance at 1110, the price is likely to rise to 1130 and 1150. According to our forecasts, the fall can be resumed in the near future to the levels of 1080 and 1060. We expect the resumption of the price growth in the medium term, but we do not see the signal for opening long positions.
Nearest resistance levels:1110, 1120, 1143, 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1080, 1060, 1050, 1100
The price of Light sweet crude oil continues to decline steadily along the upper boundary of descending channel and currently is above the level of 48.00. Nearest targets in the case of likely continuation of a downward movement will be 47,00 and 45,00. The signal for the opening of long positions will be breaking through the upper boundary of the channel, and overcoming of resistance at 51.50. Our medium-term outlook remains negative.
Nearest resistance levels: 50.00, 51.50, 52.00, 54.00, 55.00, 57.00, 58.00, 59.25, 60.00
Nearest support levels: 48.00, 47.00, 45.00