20.01.2016 - Technical view on commodity futures

The price of gold grows today after consolidating around the level of 1090. The next upside target levels with a further increase are 1100 and 1110 after overcoming of which growth may continue until 1120 and 1140. On the other hand, the break through the inclined line of support and the level of 1180, will lead to a continuation of the negative dynamics to 1065 and 1050. We expect the growth today, but negative trend may continue in the medium term.

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

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

The price of Light sweet crude oil after correction to the level of 31.00, continued the fall and after overcoming the level of 30.00 accelerated decline. The potential drop is limited by the levels of 22.00 and 25.00. Within the correction quotations can return to 31.00 and 33.00. Growth is possible only within the correction. Our medium-term outlook remains negative and we are waiting for the decline in the coming weeks.

Nearest resistance levels: 30.00, 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65

Nearest support levels: 28.00, 25.00, 22.00, 20.00

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