Brent oil price reaches the target – Analysis - 24-09-2021

Economies.com
2021-09-24 04:10AM UTC

Brent oil price rallied upwards strongly yesterday to succeed reaching our main waited target at 77.80, expecting to surpass this level to open the way to head towards 79.50 areas as a next main station, supported by moving inside the bullish channel that appears on the chart.

 

Therefore, we are waiting for more rise in the upcoming sessions unless breaking 75.55 followed by 74.70 levels and holding below them.

 

The expected trading range for today is between 76.00 support and 79.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Copper News

Commodities

Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Brent Oil News

Commodities

Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...
Oil Analysis

Commodities

Crude oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price provides additional negative ...
Silver Analysis

Commodities

Silver price forecast update 14-05-2024
2024-05-14 09:24AM UTC
Silver Price Analysis Expected Scenario Silver price shows slight positive trades and ...