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

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING 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 […]

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]