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

COMMODITIES TECHNICAL ANALYSIS December.07

Gold

Gold remained in a descending channel, trading around its lower boundary. Having bounced from 1160 the pair was unmoved trading in a tight range on Tuesday. The resistance is at 1180, the support comes in at 1170 dollars per ounce.

A recovery above the 1180 level will favor an advance up to the 1190 region. A failed test of the current resistance will ease a buying pressure and may send prices to 1160 dollars per ounce.
07_12_2016_xauusd
Brent

Brent weakened and erased a minor part of its gains on Tuesday. The ongoing decline could be attributed to some profit taking from bulls following a recent rally. The benchmark moved below 54.50 and tested 53.50 dollars per barrel in the NY session. The resistance is at 54.50, the support comes in at 53.50 dollars per barrel.

A break below the current support will strengthen sellers’ positions. Sellers may drive Brent prices to 52.50 and 51.50.

07_12_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.