11.12.2015 - Technical view on commodity futures

The price of gold declined to the level of 1065 and in case of overcoming it will continue to decline until 1050, and 1040. At the moment, the quotes can bounce up to the levels of 1080 and 1090, fixing above which will lead to further growth until 1100. According to our forecasts, volatility will be increased, but we are waiting the signal for opening new positions.

Nearest resistance levels: 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1065, 1050, 1040, 1000

The price of Light sweet crude oil has stabilized after reaching the level 38.00 near which is currently consolidating. In case of further decline, the price can reach targets at 35,00-36,00. At the moment, there is a possibility of rebound of quotations up to 40,00 and 40,75. We maintain a negative medium-term outlook.

Nearest resistance levels: 40.00, 40.75, 42.00, 43.65, 44.00, 46.00, 47.00, 48.00, 49.65

Nearest support levels: 38.00, 35.00, 32.00, 30.00

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