02.06.2014 - Technical view on commodity futures

The price of gold continued downward movement and has broken the level of 1250. Within further decline, the price can reach the levels 1220 and 1200. At the moment there is a high probability of an upward price correction with the targets at 1250 and 1265. We expect the fall in the medium term, but keep a long-term positive outlook.

Nearest resistance levels: 1265, 1278, 1290, 1305, 1316, 1330, 1350

Nearest support levels: 1250, 1240, 1220

The price of Light sweet crude oil has failed to fix below 103.00 and continues to consolidate above this mark. After overcoming the support at 103.00, the price is likely to reach 101.50. Growth is limited by the resistance levels at 104.00 and 104.50. We recommend holding short positions and keep a long-term negative outlook for oil.

Nearest resistance levels: 104.00, 104.60, 105.00

Nearest support levels: 103.00, 102.00, 101.00, 100.40

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.