26.06.2015 - Technical view on commodity futures

The price of gold continues to consolidate within the range of 1170-1180 and can redound upwards to the first targets at 1195 and 1205. In case of breaking the important support level at 1170, quotations may continue to decline to the levels of 1150 and 1143. Our medium-term outlook remains positive, and we can see the rising movement in the near future.

Nearest resistance levels: 1195, 1205, 1215, 1230, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1170, 1150, 1143, 1100

The price of Light sweet crude oil saves negative dynamics and has broken through the inclined support level. In case of breaking the support level at 59.25, we recommend to open short positions with the targets at 57.00, 55.00 and 52.00. In case of resumption of the price growth within the corridor, we expect reaching the upper boundary at 61.70. Our medium-term outlook for oil remains negative with the targets at 52,00 and 50,00.

Nearest resistance levels: 61.70, 62.70, 64.00, 70.00

Nearest support levels: 59.25, 58.00, 57.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00

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