14.10.2015 - Technical view on commodities futures

The price of gold within the local rising channel continued to grow and reached the level of 1175 and at the moment is trying to gain a foothold above this mark. Strong growth and overcoming critical range 1165-1170 indicates a high probability of future growth of price with the closest targets at 1195 and 1215. The fall is possible within the descending channel to 1165 and 1150. We expect continued growth in the near future.

Nearest resistance levels: 1195, 1205, 1215, 1230

Nearest support levels: 1165, 1150, 1140, 1120, 1100, 1080, 1060, 1050, 1100

September 3, 2015 of XAU-USD Performance

The price of Light sweet crude oil after breaking through the lower boundary of the local descending channel and the level of support at 49.65, started to decline rapidly and as a result fell to an important support level at 47.00. The breaking of this level will allow the price to return within the corridor 44,00-47,00. At the moment, there is a possibility of rebound of quotations to the level of 48.00. Our medium-term outlook remains negative.

Nearest resistance levels:: 48.00, 49.65, 50.00, 51.50, 52.00, 54.00

Nearest support levels: 47.00, 44.00, 42.00, 40.00, 38.00

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.