Brent oil price tests the support base – Analysis - 17-09-2021
Economies.com
2021-09-17 04:37AM UTC
Brent oil price tested 74.70 level and bounced upwards quickly from there, which keeps our bullish overview valid for the upcoming period, waiting to resume the positive trades that target 77.80 as a next main station.
Holding above 74.70 is important to continue the suggested bullish wave, as breaking it will press on the price to decline towards 73.35 and might extend to 72.75 before any new attempt to rise.
The expected trading range for today is between 74.30 support and 77.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Silver gives up 12-year peak on profit-taking
2024-05-21 11:17AM UTC
Silver prices fell in European trade on Tuesday for the first time in three days away from 12-year ...
Commodities
Gold gives up record high on profit-taking
2024-05-21 09:42AM UTC
Gold prices fell in European trade on Tuesday for the first session in three days, giving up record ...
Commodities
Gold prices mount to fresh record highs for second straight session
2024-05-20 19:53PM UTC
Gold prices rose on Monday to a fresh record high while the dollar inched up against most main ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 21-05-2024
2024-05-21 10:08AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price crawls downwards to test the ...
Commodities
Crude oil price forecast update 21-05-2024
2024-05-21 10:08AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price provides new negative trades ...
Commodities
Silver price forecast update 21-05-2024
2024-05-21 10:08AM UTC
Silver Price Analysis Expected Scenario Silver price shows some bullish bias after ...