21.04.2016 - Technical view on commodity futures

The price of gold after overcoming the resistance level at 1244 was able to continue its growth and reach the inclined resistance line. The nearest objectives in case of growth may be 1265 and 1280. A more likely in the near future will be the return of price to the level 1230, after which the decline may continue until 1210. Our medium-term outlook remains negative with a target at 1100.

Nearest resistance levels: 1280, 1300, 1315, 1330

Nearest levels of support: 1244, 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080

The price of Light sweet crude oil continued its growth and was able to overcome the resistance level at 43.00 and then broke through the important level at 44.00. Today, the price growth may continue until 45.00, the overcoming of which is unlikely. In case of correction, the price will drop to 43.00 and 42.00. Our forecast for the coming months remains negative, despite the possible continuation of the rising dynamics in the near future.

Nearest resistance levels: 45.00, 49.00, 50.00, 51.50

Nearest support levels: 44.00, 43.00, 40.00, 37.30, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00

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