Brent oil price rebounds bearishly – Analysis - 30-01-2020
Economies.com
2020-01-30 05:50AM UTC
Brent oil price bounced downwards clearly after testing 59.60 level yesterday, to resume its expected bearish track on the intraday and short term basis, on its way to visit 56.00 level that represents our next main target.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallied to breach 59.60 level and hold above it.
The expected trading range for today is between 56.50 support and 59.60 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Sugar price hits the second target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Sugar Expected Scenario Sugar price resumed its negative trading to ...
Commodities
Corn price hits the target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Corn Expected Scenario Corn price succeeded to achieve our waited ...
Commodities
Brent oil price crawls upwards – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for Brent Oil Expected Scenario The Brent oil price has resumed positive ...