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COMMODITIES TECHNICAL ANALYSIS April.21

Gold

Gold had another neutral day on Thursday. The spot stayed confined to a well limited range around 1280 fluctuating up and down the whole day. The resistance is at 1290, the support comes in at 1280 dollars per ounce.

We prefer not to trade until we get a clear signal.



Brent

The bearish bias remained intact on Thursday. Brent was recovering the first part of the day and reached 53.50 where the benchmark faced a downside rejection. Sellers regained control and started to push the price to 52.50. The resistance is at 53.50, the support comes in at 52.50 dollars per barrel.

We believe Brent has all chances to retake 52.50 in the upcoming sessions.

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

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