01.08.2016 - Technical view on commodity futures

The price of gold has shown growth after fixed above level of 1330. As a result, quotations reached the next target level at 1350. The closest target in the near future will be in 1370 and after its overcoming a growth may continue until 1400. In case of resumption of the negative dynamics quotations may be decline to 1330 to 1315.

Nearest resistance levels: 1350, 1370, 1400, 1430, 1450

Nearest levels of support: 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150

The price of Light sweet crude oil broke through the upper limit of the local downward channel and came close to the important mark at 42.00. The current upward momentum may continue in the near future to 43.00 and fixation above this level will confirm the change of the local downward trend to the positive. We keep negative outlook for the medium-term with potential targets at 35.00, but do not exclude the continuation of the current correction in the near future.

Nearest resistance levels: 43,00, 45,00, 46,30, 47,00, 48,50, 50,60, 52,00, 54,00, 56,00

Nearest support levels: 40,00, 37,30, 36,00, 35,00

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