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

COMMODITIES TECHNICAL ANALYSIS November.30

Gold

The yellow metal bearish trend remained intact on Tuesday. The XAU/USD stayed in a near-term sideways channel. The price moved up and down between its bands. The resistance is at 1190, the support comes in at 1180 dollars per ounce.

As the most probable scenario, we consider further moving downwards towards the level 1180. Should the price break the handle and sellers will drive the yellow metal to 1170 dollars per ounce.
30_11_2016-xauusd

Brent

Brent prices sharply dropped on Tuesday. Sellers moved the price lower. The benchmark broke the level 47.50 on its way downwards. The selling momentum lost its legs around 46.00. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

If the bearish tone persists we expect a breakout of the level 46.50. In this scenario, sellers will move the price to 45.50. However, taking into consideration that Brent oil is oversold and we anticipate a near-term correction towards 47.00.

30_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.