Brent oil price hovers around the support – Analysis - 17-09-2018
Economies.com
2018-09-17 03:55AM UTC
Brent oil price fluctuates around the key support base at 78.05, noticing that the EMA50 continues to protect the price from suffering losses, to keep the chances valid to resume the bullish trend in the upcoming sessions, which its next main target located at 80.48.
Therefore, we are waiting for positive trading for today, noting that breaking 78.05 will push the price to test 76.47 level before any new attempt to rise.
Expected trading range for today is between 77.00 support and 80.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...