29.06.2015 - Technical view on commodity futures

The price of gold has shown a gap at the opening of trading and approached 1190, but was not able to continue the growth and at the moment is corrected downward. In case of further decline, quotations can return to a strong support level at 1170, for overcoming of which will be needed a strong impetus. The breaking of the mark 1170 will be the basis for the continuation of the downward movement up to 1150 and 1143. We keep medium-term positive outlook in the medium term and the increased volatility in the near future.

Nearest resistance levels: 1195, 1205, 1215, 1230, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1170, 1150, 1143, 1100

The price of Light sweet crude oil continued to decline after breaking through the sloping support line and before long may continue to decline to the target levels at 58.00 and 57.00. In the case of resumption of growth, quotations may reach the levels of 60.00 and 61.70. We keep a medium-term negative outlook and recommend holding short positions.

Nearest resistance levels: 59.25, 60.00, 61.70, 62.70, 64.00, 70.00

Nearest support levels: 58.00, 57.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00

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