05.11.2015 - Technical view on commodity futures

The price of gold falls rapidly along the sloping resistance line and approached to the important support level at 1100. For the breaking through this level will be needed a strong incentive. In case of breaking through inclined resistance line, and fixing above the level of 1120, we recommend to open long positions with the objectives at 1140 and 1150. We expect the strong growth of price volatility in the near future and we want to note the increase in the probability of correction in the near future.

Nearest resistance levels: 1120, 1140, 1150, 1165, 1190, 1205, 1215, 1230

Nearest support levels: 1100, 1080, 1060, 1050, 1100

The price of Light sweet crude oil has fallen sharply within local ascending channel and reached its lower limit. In case of upward rebound quotations will return to the level of 48.00 and then can continue to grow to 49.65 and 50.00. In case of breaking through the boundary of the channel and overcoming the level of 46.00, we with a high probability expect continued negative dynamics of price to the target marks on 44.00 and 43.00. Our medium-term outlook remains negative.

Nearest resistance levels: 48.00, 49.65, 50.00, 51.50, 52.00, 54.00

Nearest support levels: 47.00, 46.00, 44.00, 42.00, 40.00, 38.00

September 17 of USD Performance

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