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

COMMODITIES TECHNICAL ANALYSIS March.6

Gold

Gold prices closed the week bullish. The metal pushed away from 1235 in the Asian session and broke 1230 in the European session on Friday. Sellers advance down to 1225 dollars per ounce where the precious metal ran through fresh bids. The spot jumped to the opening prices and closed the day at 1234. The resistance resides at 1240, the support comes in at 1230 dollars per ounce.

A close above 1235 will generate fresh bullishness towards 1245 dollars per ounce.



Brent

Brent maintained its upbeat tone on Friday. The benchmark was rallying the whole day and reached 55.94 in the NA session. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.

Black gold has the potential to post more gains. To maintain buying interest the price has to stay above 55.50. A return below the level will ease the upward pressure.

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

Latest news

Deposit Bonus 200%

2021-04-13 10:05:09

Only from April 12, 2021, to May 14, 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 […]

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