11.01.2016 - Technical view on commodity futures

The price of gold has stabilized around the level of 1100 and continues to consolidate between the mark of 1110 and inclined support line. In case of consolidation above 1110 the growth will continue until 1120 and 1140. On the other hand breaking through the inclined the support line is the reason for the continuation of the negative dynamics to 1080 and 1065. We are waiting for the signal to open new positions.

Nearest resistance levels: 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1100, 1090, 1080, 1065, 1050, 1040, 1000, 960

The price of Light sweet crude oil after correction to the level of 35.00, resumed its fall and approached to a strong support level at 33.00 and the lower boundary of the descending channel. In the near future quotations may bounce upwards again, but in case of breaking through these levels, the decline will continue until 30.00. Our medium-term outlook remains negative.

Nearest resistance levels: 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65, 44.00

Nearest support levels: 33.00, 32.00, 30.00

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