Brent oil price confirms the break – Forecast today - 22-04-2024
Economies.com
2024-04-22 03:45AM UTC
Brent Oil Price Analysis
Expected Scenario
- The Brent oil price ended below the $87.67 level, confirming the continuation of the bearish correction.
- Negative pressure from the EMA50 supports further expected decline in upcoming sessions.
- If the price breaches $87.67, it may signal a reversal and potential return to the bullish trend.
- Initial targets for the bearish move start around $84.77.
Expected Trading Range
Between $84.90 support and $88.00 resistance.
Trend Forecast: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...