15.04.2015 - Technical view on commodity futures

The price of gold continues to fall within the local descending channel after has broken the support level at 1200. In case of saving the current dynamics, quotes will reach the levels 1180 and 1175. In order to change the downward trend, the price needs to break through the upper limit of the descending channel and to gain a foothold above the local maximum at 1210. We maintain a medium-term positive outlook, but the decline may continue in the near future.

Nearest resistance levels: 1200, 1220, 1244, 1256, 1280, 1300, 1330

Nearest support levels: 1175, 1150, 1140, 1100

The price of Light sweet crude oil has broken through the strong resistance levels at 54.00 and 55.00. Fixing the price above given marks is the basis for continued growth with the objectives at 58.50 and 60.00. To change the ascending trend the price needs to gain a foothold below 52.00. We maintain our medium-term negative outlook, but in the nearest future we can see continued growth.

Nearest resistance levels: 58.50, 60.00, 64.00

Nearest support levels: 55.00, 54.00, 52.00, 51.00, 50.00, 48.00, 47.00, 45.00, 44.00, 43.00

March 4 of USD Performance

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.