25.03.2016 - Technical view on commodity futures

The price of gold stabilized below the level of 1220 after showed a strong decline during which has broken through the inclined support line and important mark at a 1244 and 1230. This fact is the reason for the further reduction of prices to the nearest support level at 1200, after which the negative trend may continue until 1165 and 1140. Our medium-term outlook remains negative.

Nearest resistance levels 1230, 1244, 1280, 1300, 1315, 1330

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

The price of Light sweet crude oil corrected after a strong decrease in the previous days and approached the psychologically important level of 40.00. Fixation lower than this level is a strong signal to sell with the targets at 37.30 and 34.00. The growth in the near future within the correction is possible up to the inclined resistance line. Our medium-term outlook remains negative.

Nearest resistance levels: 40.00, 42.00, 44.00, 45.00, 49.00

Nearest support levels: 38.00, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00

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