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

COMMODITIES TECHNICAL ANALYSIS JUNE.16

Gold

The precious metal reached a new maximums and approached the level of 1300 after its consolidation near support at 1280 on the 4-hour time-frame. The demand for gold still persists as well as the bullish trend.

The bulls will maintain the leadership if they break through the resistance at 1300.00. Their target will be 1315.00.

The bears will regain the initiative if they break through the support at 1280.00. Their target will be 1260.00 and 1235.00.

technical_xauusd_16_06_2016_1

Oil

The 4-hour chart showed that Brent oil price continued to decrease and overpassed the support at 49.50. It reached the new level at 48.50 according to FortFS analysts. The bears remained in the lead on the commodities market.
The bulls will regain the leadership if they break through the resistance at 49.50. Their target will be 50.50.

The bears will maintain the initiative if they break through the support at 48.50. Their target will be 47.50 and 46.50.

technical_brent_16_06_2016_1

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

Latest news

Chinese New Year

2019-02-01 10:04:25

Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]

Welcome Bonus $75

2019-01-21 10:10:50

Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.