Midday update for Brent oil 08-08-2022

Economies.com
1 year ago

Brent oil price trades with clear negativity to start attacking 97.15 level, as it settles below it now, which supports the continuation of the expected bearish trend scenario efficiently for today, which targets 95.90 followed by 90.45 levels as next main stations, while holding below 100.95 represents initial condition to achieve the suggested targets.

 

The expected trading range for today is between 95.00 support and 99.50 resistance.

Advertistment

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Which side will be more damaged if oil prices hit $100 a barrel?
1 day ago
Crude oil prices continue to gather momentum, propelled by voluntary production cuts by Russia and ...
Palladium News

Commodities

Palladium drops over 1% even as dollar loses ground
1 day ago
Palladium prices declined on Friday even as the dollar lost ground against most major ...
Oil News

Commodities

Oil gains ground amid Chinese vacation demand and lower US supplies
1 day ago
Oil prices rose on Friday while heading for a 3% weekly profit on lower US supplies and ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 29-09-2023
1 day ago
The tight range dominates brent oil price trades since morning, thus, the bearish trend scenario ...
Oil Analysis

Commodities

Midday update for Crude oil 29-09-2023
1 day ago
Crude oil price didn’t show any strong move since morning, to fluctuate around 92.00 level, ...
Silver Analysis

Commodities

Midday update for Silver 29-09-2023
1 day ago
Silver price provides additional positive trades to attack 23.00 level, and we need to monitor the ...