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

COMMODITIES TECHNICAL ANALYSIS August.01

Gold

The 4-hour time-frame showed that the precious metal gained on Friday. The level 1330.00 served as support. Technically, gold was highly overbought according to FortFS analysts.

The bulls will regain the leadership if they break through the resistance at 1360.00. Their target will be 1390.00.

The bears will maintain the initiative if they break through the support at 1330.00. Their target will be 1316.00 and 1300.00.

technical_xauusd_01_08_2016_2

Oil

On the H4 chart, Brent oil quotes corrected and rose to 44.00 after they passed the level 42.80. From the technical perspective, oil exited the oversold area.

The bulls will maintain the leadership if they break through the resistance at 42.80. Their target will be 44.00 and 45.30.

The bears will regain the initiative if they break through the support at 41.40. Their target will be 40.00.

technical_brent_01_08_2016_1

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

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING 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 […]

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]