11.05.2016 - Technical view on commodity futures

The price of gold corrected upwards after was able to rebound from the support level of 1260 and as a result quotations may reach the resistance level at 1280, the overcoming of which will be the basis for continued growth and re-test of the level 1300. In the near future there is a high probability of resumption of negative dynamics of price and in this case quotations will fall to 1244 and the lower boundary of the rising channel. Our medium-term outlook is negative.

Nearest resistance levels: 1280, 1300, 1315, 1330

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

The price of Light sweet crude oil bounced upwards and reached the level of 45.00. At the moment, quotations resumed the negative dynamics and may decline to 43.00. Fixing the price below this level will be the basis for continuation of negative dynamics to 40.00 and 37.30. Our medium-term outlook remains negative.

Nearest resistance levels: 45.00, 46,50, 47.00, 49.00, 50.00, 51.50

Nearest support levels: 43.00, 40.00, 37.30, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00

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