08.09.2016 - Technical view on commodity futures

The price of gold showed strong growth previously and is currently located around the level of 1350. In case of continued growth and overcoming resistance at 1356, quotations will reach the next targets at 1375 and 1400. After strong growth is probable roll back of prices back with the potential target at 1330. According to our forecasts, the positive dynamics will continue in the medium term.

Nearest resistance levels: 1356, 1375, 1400, 1430, 1450

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

The price of Light sweet crude oil broke through the descending channel's upper border and reached the level of 47.00. Overcoming this level will be the basis for continued growth with targets at 48.50 and 50.50. Today, the price volatility is likely to grow strongly. Our medium-term outlook remains negative with the targets at 40.00 and 36.00.

Nearest resistance levels: 45,00, 46,30, 48,50, 50,60, 52,00, 54,00

Nearest support levels: 43,00, 42,00, 40,00, 37,30, 36,00, 35,00

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