Brent oil price attempts to breach – Analysis - 22-08-2019
Economies.com
2019-08-22 04:38AM UTC
Brent oil price attempted to breac the key resistance 59.93 and approached 61.00$ barrier yesterday, but it bounced bearishly to move below the mentioned resistance again, which keeps the bearish trend scenario valid for the upcoming period, waiting to get negative motive that assists to push the price towards 56.23 that represents our next main target.
Therefore, we are waiting for negative trading today conditioned by the stability of the daily close below 59.93.
The expected trading range for today is between 58.00 support and 61.00 resistance.
The expected trend for today: Bearish
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
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...