15.04.2016 - Technical view on commodity futures

The price of gold continues to decline and is currently located around the level of 1230. In case of continued negative dynamics, the closest target level will be 1210. In case of correction and resumption of growth, the price can reach levels of 1244 and 1265. Our medium-term outlook remains negative and we expect a continuation of reduction of price soon.

Nearest resistance levels: 1244, 1280, 1300, 1315, 1330

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

The price of Light sweet crude oil continues its consolidation within the range of 42,00-43,00 and after this consolidation, we expect a strong price movement. In case of overcoming resistance at 43.00, the growth will continue until 44,00 and 45,00. On the other hand, in case of resumption of negative dynamics the signal to sell will be fixation below 42.00. We forecast a decline in prices in the near future and maintain the medium-term negative outlook with targets at 37.30 and 36.00.

Nearest resistance levels: 43,00, 44,00, 45,00, 49,00

Nearest support levels: 42,00, 40,00, 37,30, 36,00, 35,00, 33,00, 31,00, 30,00, 28,00, 25,00

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