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

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.