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Midday update for Brent oil 08-12-2023

Economies.com
2023-12-08 10:36AM UTC

Brent oil price attempted to breach 75.60 level but it returned to fluctuate below it again, which keeps the main bearish trend scenario valid for the upcoming period, reminding you that our waited targets begin at 72.70 and extend to 71.70.

 

Note that surpassing 75.60 and holding above it will push the price to achieve gains that reach 77.44 before determining the next destination.

 

The expected trading range for today is between 73.80 support and 76.50 resistance.

 

The expected trend for today: Bearish

Midday update for Crude oil 08-12-2023

Economies.com
2023-12-08 10:36AM UTC

Crude oil price traded with additional positivity to attack 70.50 level but it returned to trade below it again, to keep the bearish trend scenario active for today, which targets 67.04 areas mainly, taking into consideration that confirming breaching 70.50 will stop the expected decline and push the price to visit 72.40 followed by 73.73 levels as next main stations.

 

The expected trading range for today is between 69.00 support and 71.50 resistance.

 

The expected trend for today: Bearish

Midday update for Silver 08-12-2023

Economies.com
2023-12-08 10:36AM UTC

Silver price fluctuates at the key support 23.70, and as long as the price is above this level, our bullish overview will remain valid for today, which its next main target located at 24.60, reminding you that breaking 23.70 will stop the expected rise and push the price to turn to decline.

 

The expected trading range for today is between 23.60 support and 24.50 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 08-12-2023

Economies.com
2023-12-08 10:36AM UTC

Gold price didn’t show any strong move since morning, to keep the bullish trend scenario valid as it is without any change, waiting to get positive motive that assist to push the price to achieve the main expected target at 2075.25, noting that breaking 2016.00 will put the price under negative pressure and start bearish correction on the intraday basis.

 

The expected trading range for today is between 2015.00 support and 2050.00 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $69.11 (2025-07-03 05:05AM UTC)