Brent oil price is recovering – Forecast today - 12-04-2024
Economies.com
2024-04-12 03:33AM UTC
Brent Oil Price Analysis
Expected Scenario
- Brent oil price decline stopped at the EMA50, forming solid support.
- Positive trading signals hint at resuming the main bullish trend.
- Positive targets are expected, starting at 91.30$ and extending to 93.70$ after breaching the previous level.
- Breaking 89.75$ will halt the positive scenario and may lead to a decline towards 88.45$.
The expected trading range for today is between 89.30$ support and 92.40$ resistance.
Trend Forecast
Bullish
Commodities News
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
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 Technical Analysis
Commodities
Brent oil price forecast update 20-05-2024
2024-05-20 10:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is facing temporary negative ...
Commodities
Crude oil price forecast update 20-05-2024
2024-05-20 10:41AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support ...
Commodities
Silver price forecast update 20-05-2024
2024-05-20 10:40AM UTC
Silver Price Analysis Expected Scenario Silver price shows some bearish bias now, ...