19.06.2015 - Technical view on commodity futures

The price of gold reached the level of 1200 and at the moment is trying to gain a foothold above this mark. In case of success quotations will continue the upward movement to the nearest target levels 1215 and 1230. The price correction is possible up to the level of support at 1195. In case of resumption of the downward dynamics quotations will reach the level of 1170. Our medium-term outlook for gold remains positive.

Nearest resistance levels are 1215, 1230, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1200, 1195, 1170, 1150, 1140, 1100

The price of Light sweet crude oil keeps consolidating within the range 59,50-61,70. In case of overcoming the level of 61.70, quotes will continue to rise to 62.70. The potential for further growth is low, and more likely is the resumption of the downward movement. A signal to sell will be fixing the price below 59.50. Target levels will be 57,00 and 54,00. Our medium-term outlook remains negative.

Nearest resistance levels: 61.70, 62.70, 64.00, 70.00

Nearest support levels: 59.50, 58.00, 57.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00

April 30, 2015 of XTI-USD Performance

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