20.09.2016 - Technical view on commodity futures

The price of gold has broken the upper border of the local descending channel and reached a level of 1315 around which is consolidating at the moment. Fixation higher than this mark will become the basis for continued growth of quotations to 1330 and 1356. The fall in the near future is limited by the psychologically important level of 1300. Our medium-term outlook remains positive, and we expect a strong movement in the near future.

Nearest resistance levels: 1330, 1356, 1375, 1400, 1430, 1450

Nearest levels of support: 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150

The price of Light sweet crude oil has resumed the fall after has broken through the upper limit of the downward channel. Currently quotes are around the support level at 43.40 and its overcoming will become the basis for the continuation of negative dynamics to 40.00 and 37.30. Growth within the correction is limited by the levels 44,00-45,00. Our medium-term outlook remains negative and we expect sharp price movements in the near future.

Nearest resistance levels: 45,00, 46,30, 48,50, 50,60, 52,00, 54,00

Nearest support levels: 43,40, 42,00, 40,00, 37,30, 36,00, 35,00

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