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

COMMODITIES TECHNICAL ANALYSIS February.10

Gold

Gold lost strength and turned to the downside on Thursday. The price gave up its recent gains and made a good break below 1240 in the early European trades. The spot reached 1230 in the NY session. The resistance resides at 1240, the support comes in at 1230 dollars per once.

We will preserve our positive outlook until the precious metal is above 1220. A move lower will ease the upward pressure and open the way to 1210 dollars per once.



Brent

Market’s positive mood persisted on Thursday. The benchmark remained in demand hovering above its recent highs at 55.50. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.

If the upward pressure remains intact the benchmark will grow above 56.00 in the coming sessions. We do not rule out a move downwards. Oil prices may reach 54.50 dollars per barrel in this scenario.

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

Latest news

DEPOSIT BONUS 200%: PROLONGED TILL 04 JANUARY 2021!

2020-12-04 08:57:41

Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]