08.02.2016 - Technical view on commodity futures

The price of gold accelerated growth during which was able to break through the upper boundary of the local rising channel and at the moment is trying to gain a foothold above the level of 1165, and then can continue to grow to 1190 and 1205. In the near future we may see a correction of price to 1140 and 1120. According to our estimates, soon there is a high probability of falling prices within the correction.

Nearest resistance levels: 1190, 1205, 1230, 1244, 1252

Nearest levels of support: 1165, 1150, 1140, 1120, 1110, 1095, 1080, 1065, 1050, 1040, 1000

The price of Light sweet crude oil after the second unsuccessful attempt to break through the inclined resistance line, resumed the fall and will soon reach the level of 30.00, and then downward dynamics may continue until 28.00. In case of growth quotations may return to the levels of resistance at 33.00 and 35.00, but more likely is a continuation of the negative dynamics of price in the near future. The medium-term outlook also remains negative.

Nearest resistance levels: 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65

Nearest support levels: 31.00, 30.00, 28.00, 25.00, 22.00, 20.00

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