23.10.2015 - Technical view on commodity futures

The price of gold after reaching the support level at 1165 and some consolidation above this mark started to grow and approached the level of 1175. Within the frames of the current upward movement, quotations may continue to rise to a local maximum at 1190 and the psychologically important mark at 1200. Our short-term outlook remains positive and the drop soon is limited by the level 1165.

Nearest resistance levels: 1190, 1205, 1215, 1230

Nearest support levels: 1165, 1150, 1140, 1120, 1100, 1080, 1060, 1050, 1100

September 16, 2015 of XAU-USD Performance

The price of Light sweet crude oil rebounded from the level of 45.00, but continues to move above the upper boundary of the local descending channel and according to our estimates, with a high probability will reach the level of 44.00 in the near future. In case of breaking through the upper boundary of the channel, the quotes can grow up to 48.00. We recommend holding short position with the first target at 44.00 and keep the medium-term negative outlook.

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.