04.07.2016 - Technical view on commodity futures

The price of gold continued to grow and now has reached the level of 1350. If the price is above this level, we expect growth of quotations to 1365 and 1400. In case of correction, the price may return to the mark 1315 and 1300. We expect further growth in the medium term, but do not exclude the a correction in the near future.

Nearest resistance levels: 1350, 1365, 1400

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

The price of Light sweet crude oil has not been able to gain a foothold below the important level of 48.50 and rebounded upwards. As a result, quotes reached an inclined line of resistance and in case of overcoming the upward movement may continue until 50.60 and 52.00. According to our estimates, the price drop will resume in the near future with the potential decrease to 48.50 and 46.30. Our forecast for the near future remains negative.

Nearest resistance levels: 50,60, 52,00, 54,00, 56,00, 58,60

Nearest support levels: 48,50, 47,00, 46,50, 45,00, 43,00, 40,00, 37,30, 36,00, 35,00

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