The price of gold bounced up from the support level at 1065 and in case of continued growth can return to the level of 1080. Fixing above this mark will be the basis for the continuation of the upward price movement to the levels of 1090 and 1100. The continuation of the negative dynamics and price fixing below 1065 will lead to decrease to 1050. Our forecast for the near future remains negative.
Nearest resistance levels: 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205
Nearest support levels: 1065, 1050, 1040, 1000, 960
The price of Light sweet crude oil corrected to the level of 37.00 after the strong growth at the end of last week and at the moment shows a slight increase. Continued upward trend is possible up to 38.00 and the upper limit of the downward channel. At the same time, we expect a further decline, and after overcoming a local minimum at 37.00, the price will drop to 36.00. Our medium-term outlook remains negative.
Nearest resistance levels: 38.00, 40.00, 40.75, 42.00, 43.65, 44.00, 46.00, 47.00, 48.00
Nearest support levels: 36.00, 35.00, 32.00, 30.00