The price of gold approached the important support level at 1120 after breaking the lower boundary of the rising channel. In case of breaking this level, we can see the continued fall of price to 1100. It is worth noting the high probability of a rebound of quotations from the support at 1120 we expect a slight decline today and in the near future quotations with a high probability will continue to consolidate near current levels.
Nearest resistance levels: 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1120, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil shows a decrease in the amplitude of oscillations and is consolidating between the inclined resistance line and the support at 44.00. In case of increase quotations will reach marks 47.00 and 48.00. On the other hand, fixing below 44,00 will become the confirmation of the sell signal with the objectives at 42.00 and 38.00. We expect decline of price in the medium term.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 44.00, 42.00, 40.00, 38.00