12.05.2014 - Technical view on commodity futures

The price of gold has reached the strong level of 1278, but soon returned to the level of 1290, near which is now consolidating. In case of further decline the price can reach the level of 1278. A signal to buy will be price fixing above 1295. We expect growth of the price of the metal in the medium and long term with targets at 1316, 1330 and 1350.

Nearest resistance levels: 1305, 1316, 1330, 1350

Nearest support levels: 1278, 1265

The price of Light sweet crude oil continues to consolidate near the psychological mark of $ 100 per barrel. Currently the quotes approached the resistance level at 99.30. In case of further decline the price may drop to 97.60. Growth is limited by the resistance at 101.40. We expect continued descending movement in the medium and long term.

Nearest resistance levels: 101.40, 103.00, 105.00

Nearest support levels: 99.30, 97.60, 95.60

The Price of Light Sweet Crude Oil

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