01.09.2015 - Technical view on commodity futures

The price of gold continues upward movement along the sloping support line. The closest target level in case of likely continued growth will become 1150 and 1165. It should be noted that in case of breaking the inclined support line and a local maximum at 1120 quotations will continue to fall until 1100 and 1080. We expect an increase in the near future.

Nearest resistance levels: 1150, 1165, 1195, 1205, 1215, 1230

Nearest support levels: 1140, 1120, 1110, 1100, 1080, 1060, 1050, 1100

The price of Light sweet crude oil showed strong growth within which reached the target level of 49.65 and after the correction has stabilized near the level of 48.00. In case of further growth quotations will reach 49.65 and 51.50. At the moment there is the possibility of renewed downward movement with targets 45,00 and 42,00. In this case, the stop must be installed above the level of 50.00. Our medium-term outlook remains negative.

Nearest resistance levels:: 48.00, 49.65, 50.00, 51.50, 52.00, 54.00

Nearest support levels: 47.00, 45.00, 44.50, 42.00, 40.00, 38.00

XTI/USD Index of July 9

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