Brent oil price awaits confirmation signal – Analysis - 25-11-2021
Economies.com
2021-11-25 05:16AM UTC
Brent oil price settles at the key level 80.80, and we still waiting to get confirmation signal for the next trend, as we continue to monitor the price behavior according to the mentioned level to detect the next targets clearly.
Note that breaking the mentioned support will press on the price to return to the correctional bearish track that its next main target located at 77.70, while breaching 81.75 will push the price to achieve new gains that start at 83.45 and extend to 85.80.
The expected trading range for today is between 79.50 support and 82.50 resistance.
The expected trend for today: Neutral
Commodities News
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
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
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 ...
Commodities
Platinum price leans above the moving average – Forecast today – 7-5-2024
2024-05-07 05:31AM UTC
Expected Scenarios and Trading Range Scenario 1: Positive Stability Platinum price maintains ...