27.06.2014 - Technical view on commodity futures

The price of gold has not changed the dynamics for the last day and continues to be near the level of 1315. Continued consolidation indicates the expectation of strong stimulus for further movement, which is likely to be strong enough. Falling is possible to 1300 and 1290. In case of growth, the price will probably reach the marks 1330 and 1350. We maintain a medium-term positive outlook for gold.

Nearest resistance levels: 1330, 1350

Nearest support levels: 1300, 1290, 1278, 1265, 1252, 1244, 1220, 1200

The price of Light sweet crude oil again reached the lower limit of the corridor near 105.00 and now is consolidating around this mark. If the price fixates below this the level, the quotes will reach 104.00. We anticipate the growth within a lateral corridor to 106.00 and 107.00. We maintain our positive outlook for the medium-term.

Nearest resistance levels: 107.00, 108.50, 110.00

Nearest support levels: 105.00, 104.00, 103.00, 102.00, 101.00, 100.00

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