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COMMODITIES TECHNICAL ANALYSIS JUNE.07

Gold

Gold maintained its positions at the reached maximums on the 4-hour time-frame. Trades were held in the range limited by 1235-1260 and then the pair consolidated. The buyers dominated the market of precious metals.

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_xauusd_07_06_2016_1


Oil

Brent oil has slightly strengthened on the 4-hour time-frame. The support at 49.60 kept the decline tight while the bulls tested the resistance at 50.50. According for FortfsFS analysts, oil remained under pressure and the bears kept the situation under control.

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_brent_07_06_2016_1

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