13.07.2015 - Technical view on commodity futures

The price of gold was unable to gain a foothold beyond the downtrend channel. In case of overcoming the local maximum at 1175, we expect continued growth to the levels 1190 and 1205. In case of continuation of the price falling within the channel quotations will reach the levels of in 1150 and 1143. The potential for reducing has decreased. We keep medium-term positive outlook and recommend to wait for the signal to open new positions.

Nearest resistance levels: 1170, 1195, 1205, 1215, 1230, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1150, 1143, 1100

The price of Light sweet crude oil resumed the fall after upward correction to the level of 54.00. At the moment quotations returned to the level of support at 52.00 and in case of overcoming of which the price will reach the nearest target levels at 50,00 and 48,00. The signal for opening long positions with the targets at 57.00, 58.00 and 61.70 will be fixing above 54.00. We keep a medium-term negative outlook.

Nearest resistance levels: 54.00, 55.00, 57.00, 58.00, 59.25, 60.00, 61.70, 62.70, 64.00

Nearest support levels: 52.00, 51.00, 50.00, 48.00, 47.00

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