29.10.2014 - Technical view on commodity futures

The price of gold moves near the level of 1230. Considering long consolidation of price we expect strong growth of volatility and significant price movement in the near future. In case of breaking through the level 1220, the price is likely to reach the levels 1180-1200. We expect price growth in the medium term with the closest targets of 1250, 1265, 1290 and 1330 and we want to note a low potential for further decline.

Nearest resistance levels: 1244, 1252, 1265, 1278, 1290, 1300

Nearest support levels: 1230, 1220, 1200, 1180

September 19 of USD Performance

The price of Light sweet crude oil started to grow after it has failed to overcome an important support level of 80.00. Currently quotes broke through the angled line of resistance and may continue to rise to the level of 82.50. Signal a trend change to positive, will be fixing the price above 84.00. We expect increased volatility this evening and we keep midterm negative outlook.

Nearest resistance levels: 84.00, 85.50, 87.00, 89.00, 90.00, 92.00, 94.20, 95.00, 95.50

Nearest support levels: 80.00, 77.00, 75.00

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