Brent oil price resumes the rise – Forecast today - 26-04-2024
Economies.com
2024-04-26 03:58AM UTC
Brent Oil Price Analysis
Expected Scenario
The Brent oil price bounced bullishly after testing the key support base at $87.67, resuming the expected bullish trend on the intraday basis. It is anticipated to achieve positive targets starting at $91.35 followed by $92.35.
Stochastic current negativity might cause temporary sideways fluctuation before resuming the expected bullish wave. The bullish scenario will remain valid unless breaking $87.67 and holding with a daily close below it.
Expected Trading Range
Between the support at $87.70 and the resistance at $90.70.
Trend Forecast: Bullish
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading ...
Commodities
Crude oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Crude Oil Price Analysis Crude oil price fluctuates positively to approach testing the key ...
Commodities
Silver price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Silver Price Analysis Silver price breached the 26.90$ level clearly and closed the last four ...