Brent oil price approaches the target – Analysis - 23-04-2019
Economies.com
2019-04-23 04:13AM UTC
Brent oil price traded with clear positivity yesterday to approach our main waited target at 75.10, expecting to continue the bullish trend supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, noting that the extended targets reach 79.50.
We should note that holding above 72.65 is important to achieve the suggested targets, as breaking it will put the price under intraday negative pressure that targets testing 70.20 levels before any new positive attempt.
The expected trading range for today is between 73.00 support and 76.50 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...