The price of gold corrected to the lower boundary of the local rising channel after strong growth. At the moment, there is a high probability of renewed growth after the rebound from the bottom of the channel and the support level at 1110. In this case, the closest target levels will be 1140-1150. On the other hand, breaking through support at 1110 will cause a further reduction up to 1095-1100. We expect growth in the near future and look forward to a higher level of volatility today.
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 after breaking through the strong resistance level at 33.00, continued to rise and in the near future may increase to 35.00 and 36.00. It should be noted that the potential for price increase is limited and we expect the resumption of downward momentum in the near future. Our medium-term outlook remains negative with its closest targets at 30,00 and 28,00.
Nearest resistance levels: 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65
Nearest support levels: 33.00, 31.00, 30.00, 28.00, 25.00, 22.00, 20.00