29.09.2016 - Technical view on commodity futures

The price of gold is consolidating after previously has broken through the support level at 1330 and continued to fall. In case of continued negative dynamics, the targets will be 1315 and 1300. On the other hand, more likely in the coming month will be continuation of the growth until 1356 and 1375. We expect the price growth in the medium term with the possibility of increasing up to 1400-1430.

Nearest resistance levels: 1330, 1356, 1375, 1400, 1430, 1450

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

The price of Light sweet crude oil after consolidation around the level of 45.00, has shown strong growth and was able to overcome the inclined resistance line and the mark 47,00. In case of continued growth quotation may reach the target marks at 48.50 and 50.60. At the moment, the price stabilized and within the correction may retreat to 47.00 and then resume growth. Our medium-term outlook remains negative, but the growth may continue in the near future.

Nearest resistance levels: 46,30, 48,50, 50,60, 52,00, 54,00

Nearest support levels: 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00

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