30.03.2016 - Technical view on commodity futures

The price of gold has shown strong growth during which reached the level of 1244 and the inclined resistance line. Overcoming these levels will be the basis for further growth to 1265 and objectives at 1280. Our medium-term outlook remains negative and we look forward to the resumption of the negative dynamics in the near future with potential targets at 1200, 1165 and 1140. Our medium-term outlook remains negative.

Nearest resistance levels 1244, 1280, 1300, 1315, 1330

Nearest levels of support: 1230, 1200, 1190, 1165, 1150, 1140, 1120, 1110, 1095, 1080

The price of Light sweet crude oil corrected upwards after the recent sharp fall. Further increase in prices in the near future is limited by the inclined line of resistance and psychologically important level of 40.00. Our medium-term outlook for oil remains negative and we expect a further fall in prices in the near future with the objectives at 37.30, 34.00 and 31.00.

Nearest resistance levels: 40.00, 42.00, 44.00, 45.00, 49.00

Nearest support levels: 38.00, 36.00, 35.00, 33.00, 31.00, 30.00, 28.00, 25.00, 22.00

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