27.01.2016 - Technical view on commodity futures

The price of gold has continued growth after overcoming the strong resistance at 1110 and reached the first target at 1120. Its overcoming will be the basis for continued growth inside the rising channel up to 1140-1150. Within the reduction, quotations may fall to 1095-1100. We expect continued growth 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 continues to consolidate near the upper limit of the downward channel and in the near future will probably reach the support at 30.00. In case of its breaking, the decline will continue until 28.00. On the other hand, overcoming and fixing the price above the level of 33.00, will be a signal to buy with the objectives at 35,00-36,00. Our medium-term outlook remains negative.

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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