Brent oil price shows shows positive trading now to approach testing the key resistance 57.36, and as we mentioned in our morning report, the stability of the daily close below this level keeps our bearish overview valid for today, supported by the negative signal provided by stochastic, waiting to head towards 52.00 as a next main station, taking into consideration that breaching 57.36 will push the price to achieve more bullish correction that its next target located at 59.91.

The expected trading range for today is between 54.20 support and 57.36 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1030	0.0215	1.9889%
End of day analysis for the EURUSD 28-02-2020
	GBP/USD	1.2824	-0.0124	0.9608%

	Tadawul	7628.34	-82.78	1.07%

	Silver	16.642	-1.851	10.007%

	Oil	45.125	-8.208	15.390%
End of day analysis for Crude oil 28-02-2020
	Brent Oil	50.52	-1.66	3.18%

	Gold	1582.185	-61.460	3.739%
End of day analysis for Gold 28-02-2020

Live Forex Updates

Dollar slips as markets fall under pressure

2020-02-28 19:18:07 GMT

US oil drilling rigs count slips this week

2020-02-28 18:16:04 GMT

Canadian economy grows in December

2020-02-28 13:35:47 GMT

US personal spending falls short of expectations in January

2020-02-28 13:34:03 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.