21.04.2015 - Technical view on commodity futures
The price of gold decreased to the lower boundary of the corridor 1190-1210. At the moment, there is a possibility of an upward price rebound to the levels of 1210 and 1220. In case of fixation of quotations below the level of 1190, the price can be reduced to 1180 and 1150. Our medium-term outlook remains positive, but we recommend to wait for a signal to open new positions.
Nearest resistance levels are 1210, 1220, 1244, 1256, 1280, 1300, 1330
Nearest support levels: 1190, 1180, 1150, 1140, 1100
The price of Light sweet crude oil is consolidating near the mark of 58.00 after hitting the upper limit of the upward channel. In case of continued growth within the channel, quotes, will reach the level of 60.00. In the near future the price may be corrected downwards to the level of 54.00 and the bottom of the channel. We expect the resumption of descending movement in the near future and maintain the medium-term negative outlook with the target at 40.00.
Nearest resistance levels: 58.50, 60.00, 64.00
Nearest support levels: 55.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00, 45.00, 44.00, 43.00