10.08.2016 - Technical view on commodity futures

The price of gold after consolidation above the level of 1330, began to grow and as a result reached the important mark 1350. Overcoming this level will be a signal for continued growth till 1375 and 1400. The fall in the near future is limited by support at 1330. We expect continued growth in the medium term and the potential of reduction in near future is limited.

Nearest resistance levels: 1350, 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 shows a slight decrease and continues to move around the level 43.00. The growth in the near future is limited by the level of 45.00. In case of continued negative dynamics closest targets will be 42,00 and 40,00. Volatility according to our estimates today will be increased. We forecast a decrease of price in the medium term and in the near future.

Nearest resistance levels: 45,00, 46,30, 47,00, 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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