The price of gold continued growth inside the rising channel and reached its upper limit after overcoming the resistance level at 1120. It is worth noting that the quotes were unable to gain a foothold above this level and in the near future can return to the level of support at 1110 and the lower boundary of the rising local channel. The closest target levels in case of continued growth will be 1140-1150. Within the correction, quotations may return to the levels of 1095-1100. In the near future we may see a correction and expect increased volatility tomorrow.
Nearest resistance levels: 1120, 1140, 1150, 1165, 1190, 1205
Nearest support levels: 1110, 1095, 1080, 1065, 1050, 1040, 1000, 960
The price of Light sweet crude oil continues to consolidate between the resistance level at 33.00 and angled support line. The breaking and fixing above $ 33.00 will be a signal for continued growth to 35,00-36,00. On the other hand after breaking the lower boundary of the triangle and fixation below 31.00, we with a high probability expect a continuation of falling prices with the targets at 30.00 and 28.00. Our medium-term outlook remains negative, but we do not rule out a correction in the near future.
Nearest resistance levels: 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65
Nearest support levels: 31.00, 30.00, 28.00, 25.00, 22.00, 20.00