14.08.2014 - Technical view on commodity futures

The price of gold continues to consolidate near the level of 1310. Continued upward movement is possible after fixing the price above the level of 1320. Nearest targets are 1330, 1350 and 1365. In case of fall, the quotes can decline to 1290. We maintain a medium-term positive outlook.

Nearest resistance levels: 1320, 1330, 1340, 1350, 1365

Nearest support levels: 1310, 1300, 1290, 1278, 1265, 1252, 1244

The price of Light sweet crude oil stabilized above the level of 96.00. Low volatility can lead to the fact that the quotes will continue to move near current levels in the next few days. Growth is limited by the upper limit of the corridor 96,00-98,00. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 98.00, 100.00, 101.60, 103.00, 103.50, 104.00, 104.60

Nearest support levels: 96.00, 95.20, 94.00, 92.00

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