Brent oil price surpasses the resistance – Forecast today - 24-04-2024
Economies.com
2024-04-24 03:57AM UTC
Brent Oil Price Analysis
Brent Oil Scenario:
- Brent oil price traded with clear positivity yesterday to breach 87.67$ and close the daily candlestick above it, to stop the correctional bearish scenario and head towards building new bullish wave on the intraday and short-term basis, on its way to achieve gains that start at 90.85$.
- Therefore, we expect to witness more rise in the upcoming sessions, and breaching 88.45$ will reinforce the positive overview, while breaking 87.67$ will stop the bullish trend and push the price to return to the correctional bearish track again.
Trading Range:
- The expected trading range for today is between 87.00$ support and 90.00$ resistance.
Trend forecast: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
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 ...