Brent oil price tests the resistance – Analysis - 18-08-2022
Economies.com
2022-08-18 04:13AM UTC
Brent oil price tests the main bearish channel’s resistance and settles there now, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the main bearish trend, which its next target located at 92.00.
The EMA50 supports the expected decline, noting that breaching 95.60 will push the price to start recovery attempts and achieve gains that start at 97.95.
The expected trading range for today is between 93.00 support and 97.00 resistance.
The expected trend for today: Bearish
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
Brent oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...
Commodities
Crude oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price provides additional negative ...
Commodities
Silver price forecast update 14-05-2024
2024-05-14 09:24AM UTC
Silver Price Analysis Expected Scenario Silver price shows slight positive trades and ...