16.09.2015 - Technical view on commodity futures

The price of gold is consolidating between the support level 1100 and the inclined resistance line. Its penetration and growth over 1120 will be the reason for the continuing upward trend up to 1150 and 1170. Fixing of quotes below the psychologically important level of 1100 will be the basis for the further fall of quotations to 1080 and 1060. We expect increased volatility in the near future and look forward to the new signals for opening positions.

Nearest resistance levels: 1120, 1150, 1165, 1195, 1205, 1215, 1230

Nearest next support levels: 1100, 1080, 1060, 1050, 1100

July 24, 2015 of USD Performance

The price of Light sweet crude oil broke through the inclined resistance line which is also the upper limit of descending channel, and the triangle. In case of consolidation above the local maximum at about 47.00, quotes will continue to grow to 49.65 and 51.50. In case of reduction of price to 44.00 and the further fall we recommend to open short positions with the potential decrease up to 42.00 and 38.00. Our medium-term outlook remains negative.

Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00

Nearest support levels: 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.