07.10.2015 - Technical view on commodity futures

The price of gold after breaking through the resistance level of 1140 has reached the next target level of 1150. Within the growth quotations may reach the next target marks on 1165-1170. On the other hand in case of correction, quotes will drop to 1140 and 1120. We expect to see the beginning of the correction in the near future.

Nearest resistance levels 1150, 1165, 1195, 1205, 1215, 1230

Nearest support levels 1140, 1120, 1100, 1080, 1060, 1050, 1100

The price of Light sweet crude oil has left the corridor 44,00-47,00 and has overcome the resistance level at 48.00, which was a signal to buy. As a result, the price has reached the next target of 49.65 and an upward movement may continue till 51.50. Now there is a high probability of a downward price correction till the next support levels at 48.00 and 47.00. Our medium-term outlook remains negative.

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

Nearest support levels: 48.00, 47.00, 44.00, 42.00, 40.00, 38.00

August 13 of USD Performance

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