Brent oil price achieves strong gains – Analysis - 20-11-2023
2023-11-20 04:13AM UTC

Brent oil price rallied upwards sharply in the previous sessions to breach 81.00 level and settles above it, starting today with more rise to move away from this level and confirm the continuation of the bullish trend domination on the intraday basis, paving the way to achieve additional gains that start at 82.25 and extend to 83.87.


Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 81.00 and holding below it.



The expected trading range for today is between 80.20 support and 83.30 resistance.


The expected trend for today: Bullish

Commodities News

Gold News


Gold resumes gains as US treasury yields decline
2023-12-05 08:55AM UTC
Gold prices rose in European trade on Tuesday, resuming gains and moving off recent record highs as ...
Gold News


Gold gives up record high as dollar strengthens
2023-12-04 17:26PM UTC
Gold prices fell on Monday as the dollar index rose against most major rivals, moving away from ...
Copper News


Copper loses over 2% as dollar edges up, while Chinese concerns resurface
2023-12-04 16:51PM UTC
Copper prices fell on Monday as the dollar rose against a basket of major rivals, amid growing ...

Commodities Technical Analysis

Gold Analysis


Evening update for Gold 05-12-2023
2023-12-05 17:01PM UTC
Gold price resumes its negative trading to approach the bullish channel’s support line, and ...
Brent oil Analysis


Midday update for Brent oil 05-12-2023
2023-12-05 10:35AM UTC
Brent oil price shows clear positive trading, to attack the critical resistance at 79.20, affected ...
Oil Analysis


Midday update for Crude oil 05-12-2023
2023-12-05 10:35AM UTC
Crude oil price trades positively, attempting to breach 73.73 level, which requires being aware ...