29.06.2016 - Technical view on commodity futures

The price of gold could not gain a foothold below the level of 1315 and started to correct upwards. In case of continuation of the current positive dynamics, the closest target levels will be 1330 and 1350. Less likely is the resumption of negative dynamics in the coming days and in this case quotations may fall to 1300 and 1280. We expect growth to continue in the near future.

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 showed rapid growth after failed to gain a foothold below 47.00 and currently has overcome the level of 48.50. In the near future, quotations may continue to rise to an inclined resistance line. In case of change of the current positive impulse to the negative, quotations may return to the levels of 47.00 and 45.00. Our forecast for the near future remains negative.

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

Nearest support levels: 48,50, 47,00, 46,50, 45,00, 43,00, 40,00, 37,30, 36,00, 35,00

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