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

COMMODITIES TECHNICAL ANALYSIS October.27

Gold

Gold prices maintained their bullish momentum in Asian trades on Wednesday. However, buyers failed to hold their gains and the market switched to the bearish sentiment ahead of the European session. Sellers seized initiative and pushed the price lower. The resistance resides at 1270 dollars per ounce, the support comes in at 1260.

A move below the current support would suggest a resumption of the bearish trend. Sellers may drag the price to 1250 dollars per ounce.
27_10_2016_xauusd
Brent

Brent oil futures extended their losses on Wednesday. The price remained under pressure which ran out of steam in early NY trades. The price met a strong barrier around 49.50 and bounced off the level. Oil prices were able to reverse some of its losses, the price recovered to 50.50. The resistance is at 50.50, the support comes in at 49.50 dollars per barrel.

The current recovery is caused by profit-taking. The price may roll back above 50.50 and even reach the 51.50 resistance area. The overall picture is bearish, thus we expect a decline continuation towards 48.50 dollars per barrel.

27_10_2016_brent

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

Latest news

Spreads on popular contracts reduced!

2019-06-13 16:17:20

Starting from 06 June 2019, FortFS reduces spreads for 4 most popular contracts! From 06 June until 19 July 2019, the 4 most popular contracts spreads will be: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good Luck! Fort Financial Services – Citadel of trading

Alpha Bonus

2019-05-07 13:21:56

Dreaming of ruling the Forex universe?  FortFS will help you realize your dreams! From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!