31.07.2015 - Halliburton can change a negative trend to a positive

The price of Halliburton broke through the upper limit of the downward channel but after reaching the resistance level at 43.40, started to correct upwards. The breaking of this resistance will be the basis for opening long positions with the upside potential to 44.80 and 48.30. Fall of price is limited by the psychologically important support level at 40.00. We expect price decline in the near future, and to determine the medium-term price direction we need additional signals.

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.