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COMMODITIES TECHNICAL ANALYSIS December.27

Gold

The overall trend is bearish. Gold prices remain rangebound in a thin market. Prices stays in a range between 1130 and 1135 dollars per ounce. The resistance resides at 1140 dollars per ounce, the support comes in at 1130.

The price is likely to extend its losses in the short term. However, we prefer to stay out of trades until holidays are over.

26_12_2016_xauusd

Brent

The benchmark closed in green figures last week. Sellers’ attempt to reclaim 54.50 failed. The price faced buyers’ resistance around the level. After touching the level oil prices rolled back and closed the week at 55.25. The resistance is at 55.50, the support comes in at 54.50 dollars per barrel.

Brent is likely to extend its gains unless it breaks below 53.50. A daily close below 53.50 will ease the current upward pressure and will send this market to 51.50. If buyers succeed they will return the price to 56.50 dollars per barrel.

26_12_2016_brent

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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

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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.