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
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
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...