15.10.2015 - Technical view on commodities futures

The price of gold accelerated growth and has broken through the upper boundary of the local rising channel. As a result, quotations reached the level of 1190 and at the moment is consolidated below this mark. Within correction the price may fall to 1165-1175 levels. The closest target levels with continued positive dynamics will serve 1195 and 1215. We expect growth in the near future, but do not exclude minor price correction.

Nearest resistance levels: 1195, 1205, 1215, 1230

Nearest support levels: 1165, 1150, 1140, 1120, 1100, 1080, 1060, 1050, 1100

The price of Light sweet crude oil has broken through an important support level at 47.00, which was the reason for the continuation of the current negative price movement to the target level at 44.00. In case of correction, quotations may grow up to 48.00, and then more likely will be the resumption of negative dynamics of price. Our medium-term outlook remains negative and we expect increased volatility today.

Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00

Nearest support levels: 44.00, 42.00, 40.00, 38.00

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