Brent oil price within minor positive pattern – Analysis - 20-02-2019
Economies.com
2019-02-20 05:14AM UTC
Brent oil price recent trades are confined within bullish flag pattern that appears on the chart, thus, we are waiting to activate this pattern to get strong positive motive that supports the expectations of continuing the main bullish trend, which targets 68.00 as a next station.
The EMA50 keeps supporting the suggested bullish wave, to continue suggesting the bullish trend in the upcoming period conditioned by the price stability above 63.95, reminding you that breaching the first target will push the price towards 72.65 as a next main target.
The expected trading range for today is between 65.40 support and 68.50 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...