11.08.2015 - Technical view on commodity futures

The price of gold fixed above the level of 1100 and broke through the resistance level at 1110. This fact is the basis for the continuation of the upward movement of the price to the target levels of 1130 and 1150. In case of the resumption of the downward movement, quotes will return to the support level at 1080. We recommend to open long positions in case of price fixing above the level of 1110.

Nearest resistance levels: 1130, 1143, 1150, 1165, 1195, 1205, 1215, 1230

Nearest support levels: 1110, 1100, 1080, 1060, 1050, 1100

The price of Light sweet crude oil adjusted upwards and within the current upward movement has overcome the resistance level at 45.00 and may continue to rise to the upper boundary of the channel, and the resistance level at 47.00. It is worth noting the high probability of resumption of the downward movement of price in the near future. Our medium-term view remains negative.

Nearest resistance levels:: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00, 55.00

Nearest support levels: 45.00, 44.50, 42.00, 40.00

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