Midday update for Brent oil 13-10-2021

Economies.com
2021-10-13 09:39AM UTC

Brent oil price fluctuates with slight negativity, and as long as the price is below 83.55, our bearish overview will remain valid and active for today, supported by the formation of negative pattern that we expect to push the price towards our negative targets that start at 80.85 and extend to 79.25 after breaking the previous level.

 

The expected trading range for today is between 81.20 support and 84.00 resistance.

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Oil Analysis

Commodities

Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Silver Analysis

Commodities

Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...