09.04.2015 - Technical view on commodity futures

The price of gold has broken the lower boundary of the local rising channel and important level of 1200. This fact is a signal to open short positions with the target of fall of the price to the levels 1180 and 1170. For the resumption of growth with the first target at 1120 price must go back inside the rising channel or overcome 1200. We maintain medium-term negative outlook, but in the near future, the fall is likely to continue.

Nearest resistance levels: 1200, 1220, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1175, 1150, 1140, 1100

The price of Light sweet crude oil corrected downwards after failing to strengthen the price above the level of 54.00. At the moment the price is consolidating near the level of 52.00, and may continue to decrease to the lower boundary of the channel and the level of 50.00. On the other hand, fixing the price above the level of 54.00, will be a signal to buy with the objectives at 56.00 and 60.00. We maintain our medium-term negative outlook on oil.

Nearest resistance levels: 54.00, 58.50, 60.00, 64.00

Nearest support levels: 52.00, 51.00, 50.00, 48.00, 47.00, 45.00, 44.00, 43.00, 40.00

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