02.09.2014 - Technical view on commodity futures

The price of gold continued to decline after it was unable to fix above 1290 and broke the level of 1285. In the near future the price will probably reach the levels 1275-1278, but to break through these levels will be needed a strong incentive. The resumption of growth is possible after fixing the price above the level of 1290. We keep the medium-term positive outlook with the objectives of 1320 and 1330.

Nearest resistance levels: 1290, 1300, 1320, 1330, 1340, 1350, 1365

Nearest support levels: 1278, 1265, 1252, 1244

July 11 of USD Performance

The price of Light sweet crude oil stabilized after strong growth and now is consolidating within the corridor 95,00-95,50. Further growth is limited by the strong level of 96.00 and an upper limit of the downward channel. We expect the resumption of the downward movement in the near future and maintain a medium-term negative outlook with the closest target near 94,00 and 92,00.

Nearest resistance levels: 96.00, 98.00, 100.00, 101.60, 103.00

Nearest support levels: 94.00, 92.00, 91.60, 91.00, 90.00

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