10.04.2015 - Technical view on commodity futures

The price of gold gradually decreases along the oblique line of resistance. Fixation of the price below 1200, is the basis for the continuation of the downward movement to 1180. For the resumption of growth, the quotations need to break through an inclined resistance line and return to levels above 1200. We maintain a positive medium-term outlook for gold, but the decline may continue in the near future.

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

Nearest support levels: 1175, 1150, 1140, 1100

The price of Light sweet crude oil returned inside the rising channel and at the moment is consolidating above 52.00. In case of breaking through this level of support, will be completed the formation of "head and shoulders", which indicates a reversal of the upward trend. We maintain our medium-term negative outlook on oil and recommend expected signal for opening short positions.

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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