Brent oil price achieves the target – Analysis - 17-01-2022
Economies.com
2022-01-17 05:08AM UTC
Brent oil price succeeded to achieve our main waited target at 85.80 and settles around it, and it might witness some temporary bearish bias affected by stochastic negativity before resuming the bullish wave, waiting to confirm breaching the mentioned level to open the way to head towards 86.60 as a next target.
On the other hand, we should note that breaking 83.90 will stop the expected rise and press on the price to turn to decline on the intraday basis to visit 80.80 areas before any new positive attempt.
The expected trading range for today is between 84.20 support and 87.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
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 Technical Analysis
Commodities
Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Commodities
Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Commodities
Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...