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COMMODITIES TECHNICAL ANALYSIS JUNE.22

Gold

The quotes of the precious metal turned around toward south on the 4-hour time-frame. Bears’ activity was resumed on the market. On the way down, the level 1280 was overpassed.

The bulls will regain the leadership if they break through the resistance at 1280.00. Thier target will be 1300.00 and 1315.00.

The bears will maintain the initiative if they break through the support at 1260.00. Their target will be 1240.00 and 1220.00.

technical_xauusd_22_06_2016

Oil

Investors were cautious due to the unstable market situation and Brent oil was traded in a limited range on the 4-hour chart according to FortFS analysts. Due to the growth, prices once again tested the level 50.50. The level 49.50 remained as a foothold .

The bulls will maintain the leadership if they break through the resistance at 50.50. Their target will be 51.50 and 52.50.

The bears will regain the initiative if they break through the support at 49.50. Their target will be 48.50 and 47.50.

technical_brent_22_06_2016

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