The price of gold is still near the level of 1100. For the growth quotations must overcome the inclined resistance line and to gain a foothold above the local maximum at 1110. In this case, quotes can continue to grow until 1130 and 1150. On the other hand, at the moment there is a high probability of resumption of the downward price movement with the potential of reduction to 11080 and 1160. We expect the price decline 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 rebounded upwards from the support level at 47.00 and reached the upper limit of the medium-term descending channel. For the continuation of growth with the objectives near 45,00, quotes need to break through the level of 47.00. On the other hand, the price exit from the downtrend channel will be the basis for continued growth of the price to 50.00. We expect a drop in prices in the medium term and in the near future.
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