Brent Oil heads towards the target – Analysis - 28-07-2017
Economies.com
2017-07-28 04:21AM UTC
Brent oil price traded with clear positivity yesterday to settle above 51.00 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to visit 52.22 level that represents our next main target, as the price gets continuous positive support by the EMA50.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 50.72 level and holding below it, as breaking this level will push the price to test 49.50 areas and might extend to 48.28 before any new attempt to rise.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 15-05-2024
2024-05-15 17:43PM UTC
Crude oil price attempted to break 77.64$ level but it returned to consolidate above it, to head ...
Commodities
End of day gold price forecast update - 15-05-2024
2024-05-15 17:43PM UTC
Gold price continues to rise to surpass 2380.00$ and approach the first waited positive target at ...
Commodities
Brent oil price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price settles within a tight range ...