14.01.2016 - Technical view on commodity futures

The price of gold rebounded from the level of 1080 and reached the upper limit of the local downward channel and with a high probability will continue falling in the near future. In case of continued growth quotations may return to the levels of 1100 and 1110. We expect the price drop today and expect a decline in the coming months.

Nearest resistance levels: 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1080, 1065, 1050, 1040, 1000, 960

December 3, 2015 of XAU-USD Performance

The price of Light sweet crude oil continues to fall within the local descending channel and after the rebound from the level 31.00, reached its upper limit. Nearest target level within the decrease will be 30.00. On the other hand, we do not exclude upward price correction in the near future with the upside potential to 33.00 and 35.00. Our medium-term outlook remains negative.

Nearest resistance levels:: 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65, 44.00

Nearest support levels: 30.00, 28.00, 25.00, 20.00

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