15.12.2015 - Technical view on commodity futures

The price of gold continues to fall within the local descending channel and currently is consolidating below the level of 1065, which quotations have overcome earlier. This fact is the reason for the continuation of the negative dynamics of price with the objectives of 1050 and 1040. The increase is limited by the levels 1080, 1090 and 1100. We expect a strong increase in volatility in the coming days.

Nearest resistance levels: 1065, 1080, 1090, 1100, 1120, 1140, 1150, 1165, 1190, 1205

Nearest support levels: 1050, 1040, 1000, 960

The price of Light sweet crude oil after reaching the target at the level of 36.00, began to correct and may soon reach the level of 38.00 and continue to rise to 40,00-40,75. In case of further decline and overcoming the levels 36.00 and 35.00, the price may fall to 32.00 and 30.00. Our medium-term outlook remains negative and we expect a strong movement in the coming days.

Nearest resistance levels: 38.00, 40.00, 40.75, 42.00, 43.65, 44.00, 46.00, 47.00, 48.00

Nearest support levels: 36.00, 35.00, 32.00, 30.00

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.