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

COMMODITIES TECHNICAL ANALYSIS November.03

Gold

Gold prices extended their near-term bullish momentum. Buyers pushed the price higher. The pair managed to test the level 1310 when the upward momentum faded and the price rolled back. The resistance is at 1300, the support comes in at 1290 dollars per ounce.

We expect a decline on the back of profit taking. The XAU/USD pair may return below 1290 till the end of the week.
03_11_2016_xauusd
Brent

Oil prices remained in red figures on Wednesday. The price was declining the whole day. Sellers broke the level 47.50 dollars per barrel and tested 46.50. Having tested the level the price turned around, reversing some of its losses. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

A daily close above 47.50 will ease the downward pressure. Buyers may strengthen and lead Brent oil futures to 48.50.

03_11_2016_brent

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

Latest news

Chinese New Year

2019-02-01 10:04:25

Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]

Welcome Bonus $75

2019-01-21 10:10:50

Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.