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

Deposit Bonus 200%

2021-04-13 10:05:09

Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

Reduced spreads for popular pairs

2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications