Midday update for Brent oil 07-08-2020
Economies.com
2020-08-07 10:23AM UTC
Brent oil price tests the intraday bullish channel’s support line, which urges caution from the upcoming trading, as the continuation of the negative pressure and surpassing this support followed by breaking 44.40 will stop the recently suggested positive scenario and press on the price to start correctional bearish wave, while the price needs to breach 45.45 to ease the mission of resuming the bullish trend that its next main target located at 47.60.
The expected trading range for today is between 44.00 support and 47.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Sugar price hits the second target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Sugar Expected Scenario Sugar price resumed its negative trading to ...
Commodities
Corn price hits the target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Corn Expected Scenario Corn price succeeded to achieve our waited ...
Commodities
Brent oil price crawls upwards – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for Brent Oil Expected Scenario The Brent oil price has resumed positive ...