Brent oil price surpasses the resistance – Analysis - 27-01-2023
Economies.com
4 months ago
Brent oil price confirmed breaching 86.90 level to head towards achieving expected gains in the upcoming sessions, targeting testing 88.20 level mainly, being aware that it is important to monitor the price at this level, as breaching it will extend the bullish wave to reach 89.90 as a next target, while consolidating against the bullish bias will press on the price to decline again.
On the other hand, we should note that breaking 86.90 will stop the suggested positive scenario and press on the price to head towards 85.10 direct.
The expected trading range for today is between 86.00 support and 89.50 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold extends gains but still trades below $2,000
14 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Commodities
Copper loses momentum amid economic concerns and technical signals
17 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...
Commodities
Oil backs off five-week high on economic concerns
19 hours ago
Oil prices fell in European trade for the first session in four off five-week high on ...
Commodities Technical Analysis
Commodities
Natural gas price without any change – Analysis – 7-6-2023
4 hours ago
Natural gas price still waiting for any motivate to manage to exit the recently dominating calm ...
Commodities
Platinum price fluctuates below the barrier – Analysis – 7-6-2023
4 hours ago
Platinum price still consolidated below 1040.00 barrier until now, to hinder the chances of ...
Commodities
Copper price needs new momentum – Analysis – 7-6-2023
4 hours ago
Copper price kept its positive stability above 3.5700 support line, to increase the chances of ...