13.11.2015 - Technical view on commodity futures

The price of gold has shown increased volatility yesterday, but could not overcome the support level at 1080. Now quotes are consolidated above this mark, and may correct up to the psychologically important level of 1100 and continue to rise to 1120 and 1140. In case of a fall, the price may drop to 1060 and 1050. For determination of future direction of price we need additional signals.

Nearest resistance levels: 1100, 1120, 1140, 1150, 1165, 1190, 1205, 1215, 1230

Nearest support levels: 1080, 1060, 1050, 1100

XAU in October

The price of Light sweet crude oil after overcoming the support level at 44.00 will continue to fall and updated local minimum near 43.00. Within the further decline price will reach the target levels at 42.00 and 40.00. In the near future we may see a correction with growth potential of price to 45.00 and 47.00. Our medium-term outlook remains negative and we recommend holding short positions.

Nearest resistance levels: 44.00, 46.00, 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00

Nearest support levels: 42.00, 40.00, 38.00

September 28 of USD Performance

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