20.05.2015 - Target will continue to fall within the downward channel

Target price rebounded from the lower boundary of the descending channel the level of 77.30 and currently continues moving inside the descending channel. In case of the further growth, quotations may reach the level of 80.00 and the upper boundary of the channel. According to our forecast, the price decline will continue in the near future. We expect a decrease in prices in the medium term and recommend to open short positions with the target at 73.30, after fixing below 77.30.

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.