26.08.2014 - Technical view on commodity futures

The price of gold was unable to fix below 1278 and started sharply to correct upwards. The next upside target level is 1290, after overcoming of which quotations may continue to grow with the objectives of 1300, 1320 and 1350. Rolling back the price is possible tо 1278. We maintain our positive medium-term outlook for gold.

Nearest resistance levels: 1290, 1300, 1320, 1330, 1340, 1350, 1365

Nearest support levels: 1278, 1265, 1252, 1244

July 3, 2014 of XAU-USD Performance

The price of Light sweet crude oil continues to move along the bottom of the descending channel. The growth of quotations is possible after fixing the price above the level of 94.00. In such case, the price may rise to 95.00 and 96.00. We maintain medium-term negative outlook with the target level near 92.00, but note the reduction in potential of the current movement.

Nearest resistance levels: 94.00, 95.20, 96.00, 98.00, 100.00, 101.60, 103.00

Nearest support levels: 92.00, 91.60, 91.00, 90.00

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