Brent oil price tests the resistance – Analysis - 30-07-2020
Economies.com
2020-07-30 02:03AM UTC
Brent oil price provided positive trades yesterday to test 43.85 without managing to breach it, to keep the price confined between this resistance and 42.75 support, which keeps our neutrality valid until the price manages to surpass one of the mentioned levels.
Note that breaching the resistance will lead the price to achieve new gains that reach 44.80 followed by 46.35, while breaking the support will put the price under negative pressure that targets 41.25 followed by 39.44 levels.
The expected trading range for today is between 42.00 support and 45.00 resistance.
The expected trend for today: Neutral
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Commodities
Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Commodities
Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...