04.07.2014 - Technical view on commodity futures
The price of gold after the growth of volatility yesterday, stabilized around important level of 1320. In case of further decrease the price may fall to 1310. We expect continued growth in the medium term. Confirmation of a buy signal with the objectives of 1350 and 1365 will be price fixing higher than 1330.
Nearest resistance levels: 1330, 1350, 1365
Nearest support levels: 1320, 1310, 1300, 1290, 1278, 1265, 1252, 1244
The price of Light sweet crude oil after overcoming the important level of 104.00 continues to move along the bottom of the local downtrend channel. At continuation of the current trend, the price will probably reach the support at 101.90. Growth is limited by the resistance at 104.50 and the upper boundary of the rising channel. We expect a price decline in the medium term.
Nearest resistance levels: 104.00, 104.60, 105.00, 107.00, 108.00, 110.00
Nearest support levels: 103.00, 102.50, 101.90