22.09.2016 - Technical view on commodity futures

The price of gold has shown strong growth during which broke through the resistance level at 1330, and at the moment is trying to gain a foothold above it. In case of success, we expect growth of quotations and fixing of price above the level of 1356. The fall in the near future is limited by the level of 1315. According to our estimates, the more likely scenario in the near future will be continued growth, and we also maintain our medium-term positive outlook.

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

Nearest levels of support: 1330, 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150

The price of Light sweet crude oil after some consolidation around the level of 45.00, broke through it and continued growth. This fact is the basis for continued growth of quotations to the levels of 47.00 and 48.50. According to our estimates, the current upward dynamics will continue in the near future, but the growth potential is limited. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

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

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

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