22.12.2015 - Technical view on commodity futures

The price of gold broke through the upper limit of the downward channel, and in case of fixing above the level of 1080 may continue to grow to 1090 and 1100 in the near future. It is worth noting that now there is a possibility to open a short position with a stop above 1080 and targets at 1065 and 1050. Today, the strong price movements are possible and we are waiting for the signal to open new positions.

Nearest resistance levels: 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205

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

The price of Light sweet crude oil corrected upwards, but continues to consolidate near the important level of 36.00. In case of further growth quotations can grow to 37.00 and 38.00. On the other hand, the negative trend may continue in the near future to 35.00 and 32.00. Our medium-term outlook remains negative.

Nearest resistance levels: 38.00, 40.00, 40.75, 42.00, 43.65, 44.00, 46.00, 47.00, 48.00

Nearest support levels: 36.00, 35.00, 32.00, 30.00

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