12.02.2016 - Technical view on commodity futures

The price of gold after breaking through the important resistance level at 1200, continues to show strong growth within which reached the resistance levels at 1244 and 1256. At the moment, quotations are corrected and can decline to a sloping support line. The price growth may continue in the near future, but after a strong increase is likely a downward price correction.

Nearest resistance levels: 1244, 1256, 1280, 1300

Nearest support levels 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080, 1065

The price of Light sweet crude oil after the strong fall approached to the support level at 28.00 but failed to overcome it and started to correct upwards. Currently quotes are around the level of 30.00 and in case of continued growth, will reach the levels 31.00 and 33.00. Our medium-term outlook remains negative with the targets at 28.00 and 25.00.

Nearest resistance levels: 30.00, 31.00, 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00

Nearest support levels: 28.00, 25.00, 22.00, 20.00

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