14.03.2016 - Technical view on commodity futures

The price of gold decreased after could not overcome the level of 1280. In case of resumption of growth, the price will return to the resistance at 1280. On the other hand, quotations may break through the support level at 1244 and the inclined support line, we expect a further fall in prices to 1200, 1165 and 1140. Our medium-term outlook remains negative and we are waiting for further decline in the near future.

Nearest resistance levels: 1280, 1300, 1315, 1330

Nearest levels of support: 1244, 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080

The price of Light sweet crude oil continues to consolidate below the important level of 40.00 and in case of overcoming it, will continue to grow to 40.75 and 42.00. In case of breaking through the ascending channel's lower border, and fixing beyond its borders, quotes will continue to decrease to 37.30, 36.00 and 33.00. We are waiting for of the signal to sell and with a probability higher than the average forecast a drop in prices in the near future.

Nearest resistance levels: 40.00, 40.75, 42.00

Nearest support levels: 39.65, 38.00, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00

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