Midday update for Brent oil 05-06-2023

3 months ago

Brent oil price trades with strong positivity to move away from 76.80 level and reach the thresholds of the waited target at 78.90, and the way seems open to continue the rise and surpass this level to open the way to rally towards 80.95 areas that represent the next positive station.


Therefore, the bullish trend will remain valid and active for today unless breaking 76.80 and holding below it.



The expected trading range for today is between 75.50 support and 78.90 resistance.


The expected trend for today: Bullish

Commodities News

Oil News


Is that the real reason behind Saudi Arabia's crude production cuts?
10 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Palladium News


Palladium declines as dollar muscles up amid global inflation concerns
11 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Oil News


Oil prices climb for second straight day
14 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...

Commodities Technical Analysis

Brent oil Analysis


Midday update for Brent oil 22-09-2023
17 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Oil Analysis


Midday update for Crude oil 22-09-2023
17 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Silver Analysis


Midday update for Silver 22-09-2023
17 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...