Brent oil price resumes the rise – Analysis - 20-01-2022

Economies.com
2022-01-20 05:12AM UTC

Brent oil price opens today positively to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend, which its next main target located at 88.80.

 

The bullish channel continues to organize the expected bullish wave, which will remain valid and active conditioned by the price stability above 86.35 and the most important above 85.80.

 

The expected trading range for today is between 86.35 support and 89.20 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Palladium News

Commodities

Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Oil News

Commodities

Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price keeps its positive stability – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Wheat Price Analysis Wheat price provided clear positive trades in the previous sessions to ...
Technical Analysis

Commodities

Corn price tests the support base – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Corn Price Analysis Corn price is testing 449.20$ level and keeps its stability above it, ...
Brent oil Analysis

Commodities

Brent oil price begins negatively – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Brent Oil Price Analysis Brent oil price rebounds bearishly after testing 89.50$ level, to head ...