15.08.2016 - Technical view on commodity futures

The price of gold has shown strong movement, but as a result continued consolidation around the level of 1330. Overcoming this level of support will be the basis for further price reduction to 1315 and 1300. At the moment, there is a high probability of further growth of price with closest target at 1350. Our medium-term outlook remains positive with potential growth to 1400.

Nearest resistance levels: 1350, 1375, 1400, 1430, 1450

Nearest levels of support: 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150

The price of Light sweet crude oil continued growth within the channel and was able to overcome the important level of 45.00. This fact gives reason for continued growth with nearest objectives at 46,30 and 47,00. According to our estimates, after the strong growth quotations may fall within the channel to the lower border, and the level of 44.00. Our medium-term outlook remains negative and the potential for further increase of quotations is low.

Nearest resistance levels: 46,30, 47,00, 48,50, 50,60, 52,00, 54,00

Nearest support levels: 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00

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