The price of gold is corrected downwards after a sharp rise at the beginning of the trading week. In case of continuation of the current dynamics, quotes will continue to fall to the level of 1170. The breaking of this mark will become the basis for the continuation of the downward movement of price to the levels 1150 and 1143. In case of renewal of growth target levels will be 1215 and 1230. Our medium-term outlook remains positive, but the fall may continue in the near future.
Nearest resistance levels: 1195, 1205, 1215, 1230, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1170, 1150, 1143, 1100
The price of Light sweet crude oil after breaking through the sloping support line shows confident decline and reached the first target level of 58.00, and may continue to fall to 57.00 in the near future. The growth of quotations in the near future is constrained by 60.00 and 61.70. We maintain a negative medium-term outlook and expect the decline in the near future.
Nearest resistance levels: 59.25, 60.00, 61.70, 62.70, 64.00, 70.00
Nearest support levels: 58.00, 57.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00