30.01.2015 - Technical view on commodity futures

The price of gold after consolidation within the corridor 1278-1290, has broken its lower boundary and reached the level of support at 1252. In case of continuation the downward movement and penetration mark of 1252, we may see a drop to 1244 and 1230. Despite the current decrease in quotations, we maintain a positive outlook for the medium-term recommend and wait for a signal for opening long position.

Nearest resistance levels are 1265, 1278, 1300, 1330, 1350

Nearest support levels: 1252, 1244, 1230, 1215, 1200, 1180, 1140

The price of Light sweet crude oil continues to consolidate around a strong level of 45.00 and the upper limit of the downward channel. In case of breaking through the boundary of the channel, the price may continue to rise to the level of 50.00. Signal of the trend reversal will become fixing the prices above 50.00. We expect strong growth of volatility today. Our medium-term outlook remains negative and we recommend holding short positions.

Nearest resistance levels: 50.00, 52.00, 54.00, 58.50, 60.00, 64.00, 68.00, 70.00

Nearest support levels: 43.00, 40.00

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.