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

COMMODITIES TECHNICAL ANALYSIS January.25

Gold

Gold prices remained in an upward channel on Tuesday. The price began the Asian session around its upper limit and approached its lower one by the end of the day. The resistance is at 1220, the support comes in at 1210 dollars per ounce.

A close below 1210 may generate fresh bearish signal. The precious metal may extend its downward trajectory to 1200 dollars per ounce. A move above 1215 will return buyers to the market. The price may strengthen to 1225 in this case.



Brent

Brent had a negative day on Tuesday. Buyers failed to regain 55.50. The benchmark ran through fresh offers around the level and dropped to 55.15 dollars per barrel. The resistance is at 55.50, the support comes in at 54.50 dollars per barrel.

We expect to see renewed bearish pressure if the price remains below 55.50. Oil prices may decline to 53.50 dollars per barrel.

 

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

Latest news

Reduced spreads for popular pairs

2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications

Deposits are even more profitable now!

2021-02-01 11:29:44

Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]