08.04.2016 - Technical view on commodity futures

The price of gold approached the important resistance level at 1244, but could not overcome it and at the moment is corrected downwards. If the price fixates above the level of 1244 quotations are likely to continue growing with the potential of reaching the levels of 1265, 1280 and 1300. In the near future, quotations may fall to 1210 and after overcoming this level will continue to fall to 1190 and 1165. Our medium-term outlook remains negative.

Nearest resistance levels: 1230, 1244, 1280, 1300, 1315, 1330

Nearest levels of support: 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080

The price of Light sweet crude oil fixed beyond the descending channel after rebounded from the support level at 36.00. In the near future, growth may continue up to the level of 40.00. According to our estimates, the decline may resume in the near future with the objectives at 36.00, 34.00 and 31.00. Our medium-term outlook also remains negative.

Nearest resistance levels: 37,30, 40.00, 42.00, 44.00, 45.00, 49.00

Nearest support levels: 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00

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