09.12.2015 - Technical view on commodity futures

The price of gold is consolidated within the corridor 1065-1080 and in the near future may continue to increase to 1090-1100. In case of reduction and overcoming of support at 1065, the decline will continue to 1050, and 1040. According to our estimates, the price consolidation will continue in the near future, and after after its completion is expected strong price movement.

Nearest resistance levels: 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1065, 1050, 1040, 1000

The price of Light sweet crude oil has corrected upwards, and at the moment is around the lower limit of the downward channel, and in case of continued growth, may return to the levels of 40.75 and 42.00. Breaking through support at 38.00, will be the reason for the further price reduction to 35,00-36,00. We maintain a medium-term negative outlook, but do not exclude the correction in the near future.

Nearest resistance levels: 40.00, 40.75, 42.00, 43.65, 44.00, 46.00, 47.00, 48.00, 49.65

Nearest support levels: 38.00, 35.00, 32.00, 30.00

October 19 of USD Performance

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