05.09.2014 - Technical view on commodity futures

The price of gold after a minor correction continued falling and has broken through the level of the nearest minimum of about 1265. Now the price is trying to gain a foothold below this point and in case of success will continue to decline to 1252 and 1244. In the case of resumption of growth, a buy signal will be fixing the price above 1290. We expect a decline in the coming days, but keep the medium-term positive outlook for gold.

Nearest resistance levels: 1265, 1278, 1290, 1300, 1320, 1330, 1340, 1350, 1365

Nearest support levels: 1252, 1244

The price of Light sweet crude oil after reaching 95.00 started to correct and decreased to 94.00. The closest targets with the further reduction of price will be the levels 93.00 and 92.50. Growth is limited by the resistance levels at 95.00 and 96.00. We maintain a medium-term negative outlook with a target at 92.00.

Nearest resistance levels: 95.00, 95.50, 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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