This forecast is a technical view on most demanded commodity futures.
Attention! Any information provided herein does not guarantee a positive trading result. Therefore, by using any of the contents in your trading activities, you take full responsibility for any result that may come from it. Please bear in mind, that forecasts are just that – forecasts, implying a possible significant error margin. Use the information provided at your own risk!
24.11.2016 - Technical view on commodity futures
The price of gold continued to decline and after breaking with a high probability will reach the level of 1200 levels of 1190 and 1165. The signal to buy in case of resumption of growth will be the price fixing above the level of 1220. In this case, the closest targets will be 1244 and 1260. Our medium-term outlook remains positive, but the current decline may continue in the near future... Detail
23.11.2016 - Technical view on commodity futures
The price of gold continues to consolidate within the range 1205-1220. In order to continue the negative dynamics quotations need to overcome the psychologically important support level at 1200. In case of success, next targets will be in 1190 and 1165. On the other hand, after a sharp decline of previous weeks, the price of gold has considerable potential for upward correction. Our medium-term... Detail
22.11.2016 - Technical view on commodity futures
The price of gold has shown a small correction as a result of which returned to the level of 1220. In case of overcoming this level, we are likely to see a further increase in prices to 1244 and 1260. According to our forecasts, the reduction of quotations in the near future has a limited potential with the objectives at 1190 and 1165. We expect the resumption of purchases in the near future... Detail
21.11.2016 - Technical view on commodity futures
The price of gold was able to break through the support level at 1220 and came close to the important mark of 1200. The immediate objectives while maintaining the negative dynamics will be 1190 and 1165. It is worth noting that the pace of decline has slowed, and the probability of correction has increased. According to our forecasts, in the near future decline may continue, but buying will... Detail
18.11.2016 - Technical view on commodity futures
The price of gold after a long consolidation above the level of 1220 continued to fall and in the near future may continue it to 1200 and 1190. According to our estimates the potential decline in the near future decreased significantly and rising dynamics may resume after reaching the support level at 1200-1190. Our medium-term outlook remains positive and volatility will be increased... Detail