The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

27.05.2014 - The price of Commercial Metals Company has left the triangle

The price of the company Commercial Metals Company has broken through strong support level of 18.50, which is the lower boundary of the triangle that was formed since February. At the moment the price is trying to gain a foothold below this level. In case of success, the price will continue to decline to levels 17.00 and 16.10. We recommend opening short positions with a stop above 19.00 and expecting lower price in the medium term.

Nearest resistance levels: 19.20, 19.75, 20.20

Nearest support levels: 18.20, 17.00, 16.10

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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