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

COMMODITIES TECHNICAL ANALYSIS February.22

Gold

Gold traded mixed yesterday. Sellers managed to push the spot lower and touched 1230. However, the level rejected the pair upwards. The yellow metal grew and reversed all its daily losses. The resistance is at 1240, the support comes in at 1230 dollars per ounce.

The bullish momentum is likely to be regained if gold fixates above 1240 dollars per ounce.



Brent

The benchmark had a positive day on Tuesday. A fresh buying pressure emerged in the early European session and pushed the price to 57.50 through 56.50. Buyers failed to lead the benchmark higher. Brent oil prices gave up their highs and returned to 56.50. The resistance is at 57.50, the support comes in at 56.50 dollars per barrel.

A move above 57.50 may extend the benchmark gains. In this scenario buyers will push prices towards 58.50 dollars per barrel. Alternatively, Brent oil futures may soften if they are back below the current support.

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

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

2019-03-01 16:41:06

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.