01.07.2014 - Technical view on commodity futures

The price of gold continues to show a low level of volatility and is consolidating around the levels 1310-1320. To move beyond the channel, the price will need a strong stimulus. The buy signal with the objectives of 1330 and 1350 will be the price fixing higher than the nearest top around 1325. A signal to sell will be price fixing below 1310. We maintain a medium-term positive outlook for gold.

Nearest resistance levels: 1320, 1330, 1350

Nearest support levels: 1310, 1300, 1290, 1278, 1265, 1252, 1244

May 16 of USD Performance

The price of Light sweet crude oil has broken through the lower border the side channel at the level of 105.00, but failed to hold below it and returned back above 105.00. Further growth is limited by the upper boundary of the local descending channel, in case of penetration of which the price will reach 107.00. We expect that in the medium term, the price will continue to move inside the rising channel.

Nearest resistance levels: 107.00, 108.00, 110.00

Next support levels: 105.00, 104.60, 104.00, 103.00, 102.50, 101.90

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.