08.04.2015 - Technical view on commodity futures

The price of gold is consolidated near the level of 1210 after failing to overcome the level of 1220. In order to continue the growth quotations must be fixed above the strong resistance level at 1220. In case of further downward movement, quotations may continue to fall to 1200, a breaking of which will be the basis for opening short positions. We maintain our positive outlook for the medium-term, but we can see a drop to 1200 in the near future.

Nearest resistance levels are 1220, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1200, 1175, 1150, 1140, 1100

The price of Light sweet crude oil after fixation above 52.00, and moving beyond the boundaries of the rising channel, broke through the level of 54.00, but failed to gain a foothold above it. In case of fixing of quotations above this mark, we expect continued growth to 60.00. At the moment, there is a great probability of changing the local positive trend to negative. We expect increased volatility today and save a medium-term negative outlook on oil.

Nearest resistance levels: 54.00, 58.50, 60.00, 64.00

Nearest support levels: 53.00, 51.00, 50.00, 48.00, 47.00, 45.00, 44.00, 43.00, 40.00

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