09.01.2015 - Technical view on commodity futures

The price of gold consolidated around the level of 1210 after failed to overcome the level of 1220. A further reduction is possible up to 1200, in case of overcoming of which the price will continue to fall with the objectives of 1180 and 1170. We anticipate continued growth of price with the targets at 1230, 1244 and 1252. Our medium-term forecast also remains positive and we recommend holding long positions with a stop below 1170.

Nearest resistance levels: 1230, 1244, 1252, 1265, 1278, 1290

Nearest support levels: 1200, 1180, 1170, 1140, 1120, 1100

November 26 of USD Performance

The price of Light sweet crude oil moves below 50.00 after corrected upwards. It is worth noting that the quotes come close to the sloping resistance line. To overcome the level of 50.00, will be needed a substantial stimulus. We estimate that in the near future is expected the continuation of the downward price movement with the objectives of 46.00 and 40.00. We forecast a drop in prices in the medium term.

Nearest resistance levels: 50.00, 52.00, 54.00, 58.50, 60.00, 64.00, 68.00, 70.00, 72.00

Nearest support levels: 47.50, 46.00, 45.00, 40.00

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.