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Brent oil price achieves the first target – Analysis - 18-03-2021
Brent oil price declined clearly yesterday to reach the first negative target at 66.85 and bounced bullishly to settle around 67.90, starting today with new decline to move away from the last level, which support the continuation of the correctional bearish scenario, noting that surpassing 66.85 will extend the bearish wave to reach 65.80 direct.
Therefore, we expect the continuation of the bearish trend domination in the upcoming sessions conditioned by the price stability below 67.90.
The expected trading range for today is between 65.80 support and 69.00 resistance.
The expected trend for today: Bearish
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Crude oil price under the negative pressure – Analysis - 18-03-2021
Crude oil price settles below 64.55, to keep the negative pressure valid for the upcoming period, waiting for new negative trades to break 63.55 level and open the way to visit our next target at 62.50.
MoreSilver price negotiates the resistance - Analysis - 18-03-2021
Silver price traded positively yesterday to test the key resistance 26.40, to hint heading to recover in the upcoming sessions, but it needs a daily close above the mentioned level to confirm the continuation of the rise and achieve more gains.
MoreGold price breaches the resistance – Analysis - 18-03-2021
Gold price continued to rise to breach the bearish channel’s resistance and settles above it, to confirm the activation of the bullish trend scenario on the intraday and short-term basis, on its way to visit 1765.00 as a first main target.
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