28.12.2015 - Technical view on commodity futures

The price of gold continues to consolidate within the range of 1065-1080. If the price fixates above the level of 1080, the growth will continue until 1090 and 1100. On the other hand, breaking through the level of 1065 will be the basis for further decline to 1050. We expect consolidation of prices in the near future and in the medium term, but do not rule out upward correction.

Nearest resistance levels: 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1065, 1050, 1040, 1000, 960

The price of Light sweet crude oil has reached the upper boundary of the downward channel and the level of 38.00, but was not able to continue its growth and began to decline. When saving the current negative dynamics, the fall will continue until 36.00, after which can reach the levels of 36.00. Our medium-term outlook remains negative and we are waiting for the decline in the near future.

Nearest resistance levels: 38.00, 40.00, 40.75, 42.00, 43.65, 44.00, 46.00, 47.00, 48.00

Nearest support levels: 36.00, 35.00, 32.00, 30.00

November 5 of USD Performance

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