Brent oil price shows some decline – Analysis - 11-12-2019
Economies.com
2019-12-11 05:42AM UTC
Brent oil price provides slight negative trading to move near 63.50 level, while the price remains within the bullish channel that appears in the above chart, getting a good positive support from the EMA50, which keeps the overall trend scenario valid in the upcoming period, waiting for visiting 65.40 level mainly.
On the other hand, you should be aware that breaking 62.50 will stop the expected rise and pushes the price to turn to the downside.
The expected trading range for today is between 62.50 support and 65.40 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Commodities
Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...