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

COMMODITIES TECHNICAL ANALYSIS November.11

Gold

Sellers maintained control and extended bearish momentum during the day. Gold prices moved lower, breaking through a bunch of levels and refreshing monthly low at 1250. The resistance resides at 1260, the support comes in at 1250 dollars per once.

Gold prices may toll back and return above 1260 in the short term. If they succeed the XAU/USD will extend its recovery towards 1270 - 1275 dollars per once.

11_11_2016-xauusd

Brent

Brent oil futures traded mixed on Thursday. Oil prices slightly recovered in the Asian session and moved lower during the European and North American hours. Yesterday’s recovery was stalled around 46.50 where prices turned around and dropped to 45.50. The resistance is at 46.50, the support comes in at 45.50 dollars per barrel.

If the downward pressure persists the price will test 45.50 first and moves lower towards 44.50 afterwards.

11_11_2016-brent

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

Latest news

8,88% negative trades compensation

2019-04-02 06:51:06

FortFS launches Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically.

Unlimited Leverage

2019-03-01 16:41:06

What is the unlimited leverage? Usually it means borrowed funds provided by broker to clients to enable clients to open larger positions and to increase income from investing without increasing their investments. However, the leverage always has an established limit which is originally determined by the broker and cannot be changed.