29.08.2014 - Technical view on commodity futures

The price of gold has broken through the corridor 1278-1290, but was unable to gain a foothold above its upper limit. At the moment, the price of gold moves within the local rising channel and can continue to grow in the near future, with targets at 1320 and 1330. Fall is limited by the level of 1278. We maintain a medium-term negative outlook, but recommended to wait for the price fixation above 1290 for the opening of long positions.

Nearest resistance levels: 1290, 1300, 1320, 1330, 1340, 1350, 1365

Nearest support levels: 1278, 1265, 1252, 1244

July 18 of USD Performance

The price of Light sweet crude oil rose yesterday and has broken through the upper limit of the corridor 93,00-94,00. After fixing the price above 94.00, the upward movement is likely to continue. Target level in this case will be 96.00. Fall is limited by the level of a local minimum near 92.50. Despite the expectation of the price growth in the near future, we keep medium-term negative outlook for oil.

Nearest resistance levels: 95.20, 96.00, 98.00, 100.00, 101.60, 103.00

Nearest support levels: 94.00, 92.00, 91.60, 91.00, 90.00

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.