Midday update for Brent oil 17-11-2023

Economies.com
2023-11-17 10:44AM UTC

Brent oil price shows clear positive trades to move away from 77.44, which hints heading to achieve potential gains in the upcoming sessions, which makes us prefer to stay aside until we get clearer signal for the next trend.

 

Note that breaching 79.10 will push the price to continue the rise and head towards 81.00 as a next positive target, while breaking 77.44 represents the key to reactivate the negative scenario that its next target located at 74.65.

 

The expected trading range for today is between 76.20 support and 79.30 resistance.

 

The expected trend for today: Neutral

Commodities News

Oil News

Commodities

Oil extends gains, US crude clocks in 4.5%% weekly profit
2024-03-01 22:08PM UTC
Oil prices advanced on Friday as investors await OPEC+ decisions on supplies, expected to extend ...
Oil News

Commodities

Oil prices scale 4-month high on speculation about OPEC+ cuts
2024-03-01 13:32PM UTC
Global oil prices rose in European trade on Friday on track for the second straight session, with ...
Silver News

Commodities

Silver on track for seconc weekly loss in a row
2024-03-01 09:41AM UTC
Silver prices fell in European trade on Friday, resuming losses and approaching two-week lows, ...

Commodities Technical Analysis

Oil Analysis

Commodities

Evening update for Crude oil price 01-03-2024
2024-03-01 17:10PM UTC
Crude oil price traded with strong positivity to surpass our first waited target at 80.00 and open ...
Brent oil Analysis

Commodities

Midday update for Brent oil 01-03-2024
2024-03-01 10:40AM UTC
Brent oil price shows positive trades now to test the sideways range’s resistance line that ...
Oil Analysis

Commodities

Midday update for Crude oil 01-03-2024
2024-03-01 10:40AM UTC
Crude oil price leaned on 78.25 level and bounced upwards strongly to breach 78.75 and confirm ...