28.06.2016 - Technical view on commodity futures

The price of gold after some consolidation around the level of 1330, started to correct down and reached support at 1315. In case of continued negative dynamics quotations will reach the levels 1300 and 1280. It is worth noting the high probability of renewed growth with potential targets at 1350 and 1400. We expect increased volatility in the near future and expect the resumption of growth after the current correction.

Nearest resistance levels: 1330, 1350, 1365

Nearest levels of support: 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150

The price of Light sweet crude oil restores positions after a sharp drop yesterday. As a result of the current upward impulse quotations may return to the level of 48.50. Overcoming this mark will be the basis for further growth of quotations with the objectives at 50,00-50,60. According to our estimates drop will resume in the near future with potential targets at 45.00 and 43.00. Volatility will remain elevated.

Nearest resistance levels: 48,50, 49,00, 50,60, 52,00, 54,00, 56,00, 58,60

Nearest support levels: 47,00, 46,50, 45,00, 43,00, 40,00, 37,30, 36,00, 35,00

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