06.07.2016 - Technical view on commodity futures

The price gold of continued to rise after has broken through the level of 1350. As a result, quotations reached the level of 1365 and the probability of continuation of positive dynamics remains high. According to our estimates, quotations will reach an important level of 1400 in the near future and within the correction the price may fall to 1330. Our medium-term outlook is positive.

Nearest resistance levels: 1365, 1400, 1430, 1450

Nearest levels of support: 1350, 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150

The price of Light sweet crude oil has fallen sharply and within the fall approached to the support level at 46.30. In the case of overcoming this level, the closest targets will be 45,00 and 43,00. The growth in the near future is limited by the inclined line of resistance and the level of 48.50. Our medium-term outlook remains negative, but we do not exclude the price rebound in the near future.

Nearest resistance levels: 48,50, 50,60, 52,00, 54,00, 56,00, 58,60

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

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