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

COMMODITIES TECHNICAL ANALYSIS February.27

Gold

The bullish market structure remained in place on Friday. Buyers were pushing the price higher the whole morning and tested 1260 in the mid-US session. The metal bounced off the level and moved downwards erasing almost all daily gains. The resistance is at 1250, the support comes in at 1260 dollars per ounce.

A close above 1260 will generate bullish signal for further advance towards 1270 dollars per ounce. As the spot is overbought we do not rule out a correction to 1245 dollars per ounce.



Brent

Oil prices remained under pressure on Friday. The price moved lower and reached 55.75 where sellers met buyers’ resistance. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.

If the price succeeds and fixes below 55.50, the market may start a new move lower and test 55.00 dollars per barrel.

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 […]