Midday update for Brent oil 20-04-2018

Economies.com
2018-04-20 10:46AM UTC

Brent oil price tested the key support 73.58 and keeps its stability above it until now, to continue suggesting the bullish trend in the upcoming sessions, conditioned by the price stability above the mentioned level, supported by stochastic and the EMA50 positivity, noting that we are waiting to head towards 77.60 as a next main station.

 

Expected trading range for today is between 73.00 support and 76.00 resistance.

 

Expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Palladium News

Commodities

Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Oil News

Commodities

Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Oil Analysis

Commodities

Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Silver Analysis

Commodities

Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...