Brent oil price tests the channel’s support – Analysis - 07-08-2020
Economies.com
2020-08-07 04:14AM UTC
Brent oil price fluctuates with calm negativity to reach the intraday bullish channel’s support line, waiting to resume the main bullish trend that gets positive support by the EMA50, besides stochastic more near the oversold areas.
Therefore, our bullish overview will remain valid and active for the upcoming period conditioned by the price stability above 44.40, reminding you that our next main target reaches 47.60.
The expected trading range for today is between 44.00 support and 47.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities
Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...
Commodities Technical Analysis
Commodities
Wheat price returns to the channel – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
Wheat Price Analysis Expected Scenario Wheat price ended yesterday with clear negativity, ...
Commodities
Sugar price keeps declining – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
Sugar Price Analysis Expected Scenario Sugar price provided more negative trades ...
Commodities
Corn price under the negative pressure – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
Corn Price Analysis Expected Scenario Corn price couldn’t manage to hold for long ...