Brent oil price hits the first extended target – Analysis - 13-01-2022
Economies.com
2022-01-13 05:03AM UTC
Brent oil price managed to touch 84.55 level and settles near it, and it might lean on the bullish channel’s support line before resuming the expected bullish trend for the upcoming period, which targets 85.80 as a next main station.
The EMA50 continues to support the suggested bullish wave, noting that holding above 83.40 is important to continue the expected rise, as breaking it might press on the price to decline on the intraday basis and test 80.80 areas before any new positive attempt.
The expected trading range for today is between 83.00 support and 85.70 resistance.
The expected trend for today: Bullish
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 ...