11.03.2016 - Technical view on commodity futures

The price of gold rebounded from the lower limit of the downward channel, and has reached the important level of resistance at 1280. At this point quotations are reduced and may return to the level of 1244, fixing below which will become the basis for opening short positions with the targets at 1200, 1165 and 1140. The growth in the near future is limited by a strong resistance at 1300. Our medium-term outlook remains negative and we are waiting for the signal to sell.

Nearest resistance levels: 1280, 1300, 1315, 1330

Nearest levels of support: 1244, 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080

The price of Light sweet crude oil after yesterday's fall resumed growth and at the moment is around the level of 40.00. Fixation above this mark will lead to a further increase to 40.75 and 42.00. The signal of the change of the trend will be fixing the price below the level of 39.00, and breaking through the local ascending channel's lower border.

Nearest resistance levels: 40.00, 40.75, 42.00

Nearest support levels: 39.65, 38.00, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00

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