04.10.2016 - Technical view on commodity futures

The price of gold continues to decline along the local descending channel's lower border, and can continue the current impulse until 1300. Overcoming this level will be the basis for the continuation of the negative dynamics to 1280 and 1244. On the other hand, in the coming days we will probably see a return to growth with the first target at 1330. Our medium-term outlook remains positive and we expect growth in the near future.

Nearest resistance levels: 1315, 1330, 1356, 1375, 1400, 1430, 1450

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

The price of Light sweet crude oil continued to grow along the inclined line of resistance and within further growth targets will be 50,00-50,60. After long-term growth, there is a probability of the downward price correction with the closest target at 47.00, overcoming of which will be a signal to sell with potential fall to 45.00, 43.40 and 40.00. Our medium-term outlook remains negative.

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

Nearest support levels: 48,50, 47,00, 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00

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