Midday update for Brent oil 13-09-2019

Economies.com
2019-09-13 10:38AM UTC

Brent oil price resumes its negative trading after testing 59.93 level in the last sessions, keeping the bearish trend scenario valid and active for today, supported by moving below the EMA50, pointing that our waited targets begin at 57.85 and extend to 56.23, while achieving them requires holding below 56.23 level.

 

The expected trading range for today is between 57.00 support and 60.70 resistance.

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices extend losses after a spike in US inventories
2024-03-27 13:21PM UTC
Oil prices declined in European trade on Wednesday, extending losses for the second session, with ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...
Gold Analysis

Commodities

Gold price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Gold Price Analysis Gold price shows new positive trades to touch 2200.00$ barrier, waiting for ...