The precious metal consolidated slightly above 1235 on the 4-hour chart. Metal growth was restrained however, it was traded near the two-weeks maximums.
The bulls will maintain the leadership if they break through the resistance at 1260.00. Their target will be 1280.00.
The bears will regain the initiative if they break through the support at 1235.00. Their target will be 1215.00 and 1200.00.
The gradual growth of Brent oil was observed on the 4-hour time-frame according to FortFS analysts. Last week, an important resistance level at 50.50 could not keep the defense and was overpassed. Buyers’ activity has considerably increased on the market.
The bulls will maintain the leadership if they break through the resistance at 51.50. Their target will be 52.50.
The bears will regain the initiative if they break through the support at 50.50. Their target will be 49.60 and 48.60.
Read the full review on our site:
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 […]
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 […]