27.04.2016 - Technical view on commodity futures

The price of gold rebounded from the rising channel's lower border, and as a result returned to the level of 1244. Fixing the price above this level will be the basis for further price increase until 1265 and 1280. In order to change the trend from positive to negative, quotations will need to fix below the level of 1230 after the price will go beyond rising channel. Our medium-term outlook remains negative, despite the likely continued growth in the near future.

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

Nearest levels of support: 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080

The price of Light sweet crude oil rebounded from the support level at 43.00 and reached the psychologically important mark at 45.00. In case of overcoming it, the quotes may continue growth up to 47,00 and 49,00. A signal to sell will be fixing of quotations below 43.00. Our medium-term outlook remains negative and we look forward to the resumption of negative dynamics in the near future.

Nearest resistance levels: 45.00, 49.00, 50.00, 51.50

Nearest support levels: 43.00, 40.00, 37.30, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00

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