Gold, once again dropped to the middle balance prize of the range 1336-1358 . For this market the picture is still the same. Exit from the consolidation is delayed. Inside channel trading with short stops is preferable.
Oil prices continued to rise yesterday and got closer to the key resistance level $51.01. In case of breakdown and consolidation above that level, the bulls can continue moving to the north, towards the key resistance level of 53.53.
Alternative option. In the case of oil rebound from the $51.01, we can expect a downward movement back to support zone of $48.01.
Read the full review on our site:
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 […]
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