26.01.2016 - Technical view on commodity futures

The price of gold showed an increase during which was able to overcome the resistance level at 1110, which is the basis for further growth of quotations with potential targets at 1140-1150. Fall of price is limited by the levels of support at 1095 and 1080, and the lower boundary of the channel. The increase inside the rising channel is likely to continue in the near future.

Nearest resistance levels: 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1110, 1095, 1080, 1065, 1050, 1040, 1000, 960

The price of Light sweet crude oil after a strong correction to the level of 33.00, renewed decline and is currently consolidating around 30.00 the level of. In case of rebound from this mark, quotes, can grow up to 31,00 and 33,00. The next upside target marks are 28.00 and 25.00. Volatility will remain elevated in the near future and we maintain the medium-term negative outlook on oil.

Nearest resistance levels: 31.00, 33.00, 35.00, 36.00, 38.00, 40.00, 40.75, 42.00, 43.65

Nearest support levels: 30.00, 28.00, 25.00, 22.00, 20.00

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