flag-gb flag-my flag-zh flag-id flag-th flag-vi

COMMODITIES TECHNICAL ANALYSIS JUNE.06

Gold

After consolidation bellow 1215.00 per ounce, the demand for the precious metal sharply increased on the 4-hour chart. The bulls raised the pair above 1235.00 and overpassed it in a matter of minutes.

The bulls will maintain the leadership if they break through the resistance at 1260.00. Their target will be 1270.00.

The bears will regain the initiative if they break through the support at 1235.00. Their target will be 1215.00 and 1200.00.

technical_brent_06_06_2016_1

Oil

The 4-hour time-frame clearly showed that Brent oil continued to be traded under pressure, according FortFS analysts. Once again, the support at 49.60 $ per barrel was tested. The bulls lack enough growth impulse to overpass the psychologically resistance level at $50.50 per barrel.

The bulls will regain the leadership if they break through the resistance at 50.50. Their target will be 51.50.

The bears will maintain the initiative if they break through the support at 49.60. Their target will be 48.60 and 47.80.

technical_xauusd_06_06_2016_2

Read the full review on our site:
https://www.fortfs.com

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive bonus funds for […]