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

COMMODITIES TECHNICAL ANALYSIS May.15

Gold

Buyers continued controlling the market on Friday. Bulls led the price to 1230 where gold spot lost its steam. Buyers failed to retake the level and prefer to book some profits instead. The resistance is at 1230, the support comes in at 1220 dollar per ounce.

We believe that the precious metal will remain under selling pressure in the short-term. The XAU/USD pair may extend its losses towards 1215 dollar per ounce.



Brent

Brent extended its side-trend on Friday. Oil prices kept flirting with the level 50.50 the whole day. The resistance is at 51.50, the support comes in at 50.50 dollars per barrel.

The bearish momentum is likely to be regained. Our first profit targets are 50.50 and 49.00 dollars per barrel.

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