Brent oil price under the negative pressure – Analysis - 17-07-2019
Economies.com
2019-07-17 03:00AM UTC
Brent oil price traded with strong negativity yesterday to break 65.92 level and touch the bullish channel’s support line that appears on the chart, which attempts to protect the price from suffering more losses, as the price starts positive attempts now, which makes us suggest witnessing positive trading in the upcoming sessions, on its way to test 65.92 level initially.
Therefore, the bullish trend will be expected for today unless breaking 63.95 followed by 62.92 levels and holding below them.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish
Commodities News
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
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...