15.09.2016 - The probability of the fall Halliburton has grown

Price of Halliburton continues to decline after has fixed outside the ascending channel. Currently quotations are trying to overcome the support level at 41.50 and in case of fixation below this mark, we recommend to open short positions with the closest objectives at 36.90, 34.00 and 28.00. Stop in this case is worth setting above the level of 44.00. Our medium-term outlook is negative and we expect a drop in the near future.

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.