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

COMMODITIES TECHNICAL ANALYSIS January.16

Gold

The overall trend is bullish. Gold prices remained rangebound in a thin market. Prices stayed in a range between 1200 and 1190 dollars per ounce. The resistance resides at 1200 dollars per ounce, the support comes in at 1190.

The price is likely to extend its gains in a short term. After breaking 1200 buyers may extend their gains to 1210 dollars per ounce.



Brent

Brent oil prices turned bearish on Friday. Buyers failed to break above 56.50. The level rejected the benchmark downwards. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.

Brent is likely to extend its gains if it breaks above 56.50. A daily close above the level will ease the current downward pressure and will send this market to 57.50 dollars per barrel.

 

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.