19.01.2016 - Technical view on commodity futures

The price of gold continued consolidation within the corridor 1080-1100. In case of resumption of positive dynamics, the nearest target levels will be 1100 and 1110. On the other hand, the decline may continue until 1065 and 1050 in the near future. Our medium-term outlook remains negative, but tomorrow is possible a strong upward movement.

Nearest resistance levels: 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1080, 1065, 1050, 1040, 1000, 960

December 7 of USD Performance

The price of Light sweet crude oil was unable to gain a foothold below 30.00 and started to correct upwards. As a result, the quotes broke through the upper limit of the local downward channel and in case of fixing above the level of 31.00 will continue increase to 33.00 and 35.00. Despite the probability of correction, we maintain a medium-term negative outlook and expect the resumption of the negative dynamics after the current correction.

Nearest resistance levels: 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65, 44.00

Nearest support levels: 30.00, 28.00, 25.00, 20.00

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