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

COMMODITIES TECHNICAL ANALYSIS October.19

Gold

Gold prices remained in a range yesterday. Bulls pushed the price towards the upper boundary of the range where the upward pressure faded. Buyers seem to be struggling with the current resistance level to higher. The resistance resides at 1260 dollars per ounce, the support comes in at 1250.

If buyers fail to retake the level the price may roll back towards the current support level. On the other hand, if buyers succeed they will be able to push the price towards 1270 dollars per ounce.
19_10_2016_xauusd
Brent

Buyers failed to move the price higher on Tuesday. Brent maintained its bearish tone and kept battling with the 51.50 level to go lower. The resistance is at 52.50, the support comes in at 51.50 dollars per barrel.

We expect the price to return below current support. Sellers may lead the price towards 50.50.

19_10_2016_brent

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

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

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 bonus funds for […]