18.06.2014 - Technical view on commodity futures

The price of gold corrected to 1260, but was unable to fix below the strong level of 1265 and the growth has resumed. Now, gold price is consolidated above this level. Growth is limited by the resistance levels at 1278 and 1290. To continue the ascending movement is needed the strong impulse. We maintain a positive medium-term outlook for gold and waiting for new signals.

Nearest resistance levels: 1278, 1290, 1300, 1316, 1330, 1350

Nearest support levels: 1265, 1252, 1244, 1220, 1200

The price of Light sweet crude oil after attempting to grow has returned to the level of 106.00 and continues to consolidate near it. To continue the fall, the price needs to fix below 105.50, after which quotations may fall to 104.00. We expect that oil will continue to trade in the rising channel, and will rise further in the medium term.

Nearest resistance levels: 107.00, 108.50, 110.00

Nearest support levels: 105.50, 104.00, 103.00, 102.00, 101.00, 100.00

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