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

COMMODITIES TECHNICAL ANALYSIS March.24

Gold

Gold has completed an upside impulse after meeting an obstacle at 1250 dollars per once. Buyers have been trying to break the level for several days. Every time they try they meet sellers' resistance. When another attempt failed the market turned bearish on Thursday. The yellow metal moved away from 1250 and eased to 1245. The resistance resides at 1250, the support comes in at 1240 dollars per once.

We will preserve our positive outlook until the precious metal is above 1230. Our next profit targets are 1250 and 1255 dollars per once.



Brent

Market’s neutral stance persisted on Thursday. The benchmark remained offered staying in a narrow range around 50.50. The price went back and forth within the range during the day. The resistance is at 51.50, the support comes in at 50.50 dollars per barrel.

If the downward pressure remains intact the benchmark will decline to 49.00 dollars per barrel in the coming sessions.

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