The price of gold continued to decline gradually, but is still consolidated within the range of 1065-1080. Breaking through the support level at 1065 will become the reason for the continuation of the negative dynamics of price to 1050. On the other hand, at the moment there is a possibility of rebound of quotations up to 1080, after overcoming of which the rise of price may continue until 1090 and 1100. We expect the decline in the near future, but are waiting for the signal to open new positions.
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 rebounded from the level of 37.00 and corrected to the upper limit of the downward channel. In case of continued negative dynamics the price will reach strong support at 36.00, the overcoming of which will be the reason for the continuing decline to 35.00 and 33.00. Growth is limited by the level of 39.00. 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