The price of gold continues to consolidate near the level of 1100. For the growth, quotations need to break through inclined resistance line and overcome the mark of 1110. In this case, quotations can grow up to 1130 and 1150. On the other hand, at the moment there is the possibility of renewed downward movement with the first targets at 1080 and 1060. We forecast a drop in prices in the near future.
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 within the descending channel has continued to decline steadily and reached the target mark at 47.00. In case of further decline, quotations will reach the levels near 45.00. In the near future we may see an upward correction of price to the level of 50.00. Our medium-term outlook remains negative, but the downside potential narrowed.
Nearest resistance levels: 48.00, 50.00, 51.50, 52.00, 54.00, 55.00, 57.00, 58.00, 59.25
Nearest support levels: 47.00, 45.00