Gold continues to be traded within the boundaries of the medium-term range. Today price returned to the bottom of the channel - the support level of 1336.The downward breakdown is very likely. However, the markets will be in «wait and see» stance until FED meeting on Friday. The nearest support level 1330.
Oil prices resumed the decline right after the market gained back to 50 dollars per barrel area. The American Petroleum Institute (API) said on Tuesday that US crude inventories rose 4.5 million barrels last week. Oil is moving down with the likehood of further decline and the key support level of 49.01 testing. Today, the market focus will be on data from the US Department of Energy. If the figures will be similar to API, it could lead market to 48.50 and lower.
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