Midday update for Brent oil 17-03-2023

Economies.com
2 weeks ago

Brent oil price faces solid resistance at 75.18 and continues to fluctuate around it, and our neutrality still valid until we get clearer signal for the next trend, to continue monitoring the price according to this level.

 

We remind you that consolidating below it will push the price to decline again and head towards 73.35 followed by 72.00 levels, while surpassing it followed by breaching 75.45 will push the price to achieve gains that start by visiting 77.65 areas.

 

The expected trading range for today is between 73.70 support and 77.20 resistance.

 

The expected trend for today: Neutral

Commodities News

Gold News

Commodities

Gold declines but marks weekly and monthly profits
17 hours ago
Gold prices fell on Friday as the dollar gained ground against most  major rivals following US ...
Palladium News

Commodities

Palladium climbs to near $1500 an ounce
22 hours ago
Palladium prices rose on Friday even as the dollar edged up against major rivals, with the metal ...
Oil News

Commodities

Oil extends gains to two-week high on supply shortage concerns
1 day ago
Oil prices rose in European trade for the second session, hitting two-week highs and on track for ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 31-03-2023
1 day ago
Brent oil price resumes its positive trading now to move away from 78.50 level, to support the ...
Oil Analysis

Commodities

Midday update for Crude oil 31-03-2023
1 day ago
Crude oil price is attempting to breach 74.50 level now, which supports the continuation of the ...
Silver Analysis

Commodities

Midday update for Silver 31-03-2023
1 day ago
Silver prices fluctuate near 24.00 level, waiting for more rise to surpass this level and rally ...