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

COMMODITIES TECHNICAL ANALYSIS JUNE.27

Gold

Gold showed an upward trend on the 4-hour time-frame. Due to an increased demand, gold quotes rose to the maximum at 1360. At the end of trading the price rolled downwards. Nevertheless, the precious metal was overbought and the market was under the bulls’ influence.

The bulls will maintain the leadership if they break through the resistance at 1330.00. Their target will be 1360.00.

The bears will regain the initiative if they break through the support at 1300.00. Their target will be 1270.00 and 1240.00.

technical_xauusd_27_06_2016

Oil

Brent oil quotes reached the minimum at 47.50 on the H4 chart. At the end of trading, the price approached and tested the resistance at 48.50 according to FortFS analysts. The market sentiment was bearish and oil moved to the oversold zone.

The bulls will regain the leadership if they break through the resistance at 48.50. Their target will be 49.50 and 50.50.

The bears will maintain the initiative if they break through the support at 47.50. Their target will be 46.50 and 45.30.

technical_brent_27_06_2016

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

Latest news

Welcome Bonus 100 USD

2020-01-28 09:58:32

Dear Traders, Make sure to receive $100 on your trading accounts only from the 27th to the 31st of January! Welcome Bonus 100 USD is the best way to start trading and test all of the Company’s products! The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover A two-week testing […]

New amazing MegaProtect Bonus!

2020-01-13 09:10:06

WHAT ARE THE BENEFITS OF MEGAPROTECT BONUS? +100% of the deposited amount! 100% protection during the drawdown Up to 5000 USD per one account Up to 15000 USD per one profile