Brent oil price breaches the resistance – Analysis - 01-02-2023
4 months ago

Brent oil price rallied upwards strongly after reaching the thresholds of 83.00 barrier yesterday, to breach 85.10 and settles above it, which pushes the price to achieve expected additional gains in the upcoming period, on its way to visit 86.60 followed by 88.20 levels as next main stations.


Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 85.10 and holding below it will stop the positive scenario and press on the price to decline again.


The expected trading range for today is between 84.20 support and 87.50 resistance.


The expected trend for today: Bullish

Commodities News

Gold News


Gold extends gains but still trades below $2,000
13 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Copper News


Copper loses momentum amid economic concerns and technical signals
17 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...
Oil News


Oil backs off five-week high on economic concerns
19 hours ago
Oil prices fell in European trade for the first session in four off five-week high on ...

Commodities Technical Analysis

Natural gas Analysis


Natural gas price without any change – Analysis – 7-6-2023
3 hours ago
Natural gas price still waiting for any motivate to manage to exit the recently dominating calm ...
Platinum Analysis


Platinum price fluctuates below the barrier – Analysis – 7-6-2023
3 hours ago
Platinum price still consolidated below 1040.00 barrier until now, to hinder the chances of ...
Copper Analysis


Copper price needs new momentum – Analysis – 7-6-2023
3 hours ago
Copper price kept its positive stability above 3.5700 support line, to increase the chances of ...