Brent oil price begins with bearish gap – Analysis - 27-01-2020
Economies.com
2020-01-27 05:53AM UTC
Brent oil price opens today’s trading with big bearish gap that puts the price below 59.60, which reinforces the expectations of continuing the bearish trend on the intraday and short term basis, paving the way to head towards 56.00 level that represents our next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, noting that holding below 59.60 is important to continue the expected decline.
The expected trading range for today is between 56.50 support and 59.60 resistance.
The expected trend for today: Bearish
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
Natural gas price lacks the positive momentum – Forecast today – 29-4-2024
2024-04-29 05:56AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price postponed the bullish ...
Commodities
Platinum price presses on the moving average – Forecast today – 29-4-2024
2024-04-29 05:45AM UTC
Platinum Price Analysis Expected Scenario Platinum price started to form bullish waves to ...
Commodities
Copper price continues the positive crawl – Forecast today – 29-4-2024
2024-04-29 05:44AM UTC
Copper Price Analysis: Bullish Trend Continues No change to copper price bullish track as it keeps ...