Midday update for Brent oil 24-07-2017
Economies.com
2017-07-24 10:37AM UTC
Brent oil price started to breach the key resistance 48.28 now, and as we mentioned this morning, breaching this level will ease the mission of continuing the bullish trend that targets 49.50 followed by 50.72 levels as next mains stations.
In general, the bullish trend scenario will remain valid and active for the rest of the day unless breaking 47.50 level and holding below it, noting that stochastic provides positive signals that support the expectations to rise.
Expected trading range for today is between 46.78 support and 50.72 resistance.
Expected trend for today: Bullish
Commodities 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, ...
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 ...
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
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...