The price of gold was not able to continue its growth and at the moment shows the corrective decline. In case of continued negative dynamics and breaking through the support level at 1,330, the closest targets will be 1315 and 1300. According to our estimates, price will continue to grow in the medium term to the levels of 1400-1430, despite a possible reduction in the near future.
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 sharply grown after was not able to gain a foothold below 45.00. Currently quotations are consolidated below an inclined line of resistance and in case of breaking through and overcoming the level of 47.00, we expect further growth of quotations to 48.50. Our medium-term outlook remains negative and we look forward to the resumption of negative dynamics in the near future with target at 43,00, and then drop is likely to continue until 40.00, 37.30 and 36.00.
Nearest resistance levels: 46,30, 48,50, 50,60, 52,00, 54,00
Nearest support levels: 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00