The price of gold showed strong growth after fixed above the level of 1244. As a result, the price reached the upper boundary of rising channel and the next target level in case of growth continuation will be 1300. In the near future there is a high probability of further negative price dynamics with potential targets at 1265 and 1244. Our medium-term outlook remains negative and we are waiting for a correction today.
Nearest resistance levels: 1280, 1300, 1315, 1330
Nearest levels of support: 1244, 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080
The price of Light sweet crude oil is gradually increasing after fixed above the level of 43.00. In the near future quotations may reach the levels of 47.00 and 49.00. On the other hand, upside potential considerably declined and in the near future we may see a significant price correction. Our forecast for the coming months remains negative and we are waiting for the beginning of the correction.
Nearest resistance levels: 47.00, 49.00, 50.00, 51.50
Nearest support levels: 45.00, 43.00, 40.00, 37.30, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00