18.11.2015 - Technical view on commodity futures

The price of gold after breaking through the support level of 1080, continued to fall and reached the lower limit of the downward channel and may correct upwards and return to the level of 1080. In case of growth, a buy signal will be fixing of price above the level of 1100. In this case, quotations can grow up to 1020, 1040 and 1050. We expect a continuation of the negative dynamics of prices in the near future.

Nearest resistance levels: 1080, 1100, 1120, 1140, 1150, 1165, 1190, 1205, 1215, 1230

Nearest support levels: 1060, 1050, 1000

The price of Light sweet crude oil after the recent correction to the level of 43.00, resumed a fall and continues to consolidate within the corridor 42,00-43,00. Overcoming the resistance level at 43.00 will be the basis for continued growth with the objectives at 45.00, 47.00 and 48.00. Our medium-term outlook remains negative with the potential of fall to 40.00 and 38.00 and we recommend holding short positions with a stop above 43.00.

Nearest resistance levels: 43.00, 44.00, 46.00, 47.00, 48.00, 49.65, 50.00, 51.50, 52.00

Nearest support levels: 42.00, 40.00, 38.00

October 9 of USD Performance

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