12.08.2016 - Technical view on commodity futures

The price of gold corrected down and approached support level at 1330. In case of overcoming this level the fall is likely to continue with potential targets at 1315 and 1300. In the near future quotations may correct up to the level of 1350. Our medium-term outlook remains positive with a target at 1400 and the volatility today will remain high.

Nearest resistance levels: 1350, 1375, 1400, 1430, 1450

Nearest levels of support: 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150

The price of Light sweet crude oil rebounded from the support level at 42.00 and the lower boundary of the rising channel and reached its upper limit. In the nearest future quotations may reach an important level of 45.00 after which the closest resistance level will be 46.30. In the near future is probable decline within the channel to 43.00. Our medium-term outlook remains negative.

Nearest resistance levels: 45,00, 46,30, 47,00, 48,50, 50,60, 52,00, 54,00

Nearest support levels: 43,00, 42,00, 40,00, 37,30, 36,00, 35,00

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