17.03.2015 - Technical view on commodity futures

The price of gold is consolidating above the level of 1150 and for the continuation of descending movement with the potential of fall to 1140 and 1000, the price must be fixed below 1150. In case of growth the signal to open long positions will be fixing the price above the level of 1200 and breaking through the inclined resistance line. Our medium-term outlook remains positive, but we recommend to wait for a signal to open positions.

Nearest resistance levels: 1165, 1180, 1200, 1220, 1244, 1256, 1280, 1300, 1330, 1350

Nearest support levels: 1150, 1140, 1100

The price of Light sweet crude oil reached the target level of 45.00 and is currently near the mark of 46.00. In case of breaking through the level of 45.00, quotes will continue to fall to 42.00 and 40.00 In case of correction, quotations may grow to 47.00 and 49.00. We continue to recommend holding short positions with the potential of fall to 40.00. Our medium-term outlook also remains negative.

Nearest resistance levels: 47.00, 49.00, 50.00, 52.00, 54.00, 58.50, 60.00, 64.00, 68.00

Nearest support levels: 45.00, 43.00, 40.00

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