18.05.2015 - Technical view on commodity futures

The price of gold continued the growth and has broken through the important resistance level at 1220. As a result, the price reached a level of 1230, and may continue to grow until the next targets at 1244 and 1256. Our medium-term outlook remains positive, but in case of a fall, quotations may drop to the level of 1200 and 1190.

Nearest resistance levels: 1230, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1220, 1210, 1190, 1180, 1150, 1140, 1100

The price of Light sweet crude oil corrected downwards to the important level of 60.00 and rebounded upwards. In case of continued upward trend, quotations may reach the levels 63.00 and 64.00. In case of change of trend, a signal to sell will become fixation of quotations below the level of 60.00 and break through the 59.00. In this case, we expect the price decline to 52.00 and 48.00. Our medium-term outlook remains negative and we are waiting for the signal to sell.

Nearest resistance levels: 62.70, 64.00, 70.00

Nearest support levels: 60.40, 59.00, 58.00, 56.00, 54.00, 52.00, 51.00, 50.00, 48.00,

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