Midday update for Brent oil 18-06-2019

Economies.com
2019-06-18 10:27AM UTC

Brent oil price did not show any strong move since morning, to continue fluctuating around 59.93 level, thus, no change to the expectations of the domination of the sideways range on the intraday trading until the price confirms breaking the mentioned support or breaching 62.92 resistance.

 

We remind you that breaking the mentioned support will push the price to 56.23 direct, while breaching the resistance will allow the price to achieve positive targets that begin at 65.92.

 

The expected trading range for today is between 58.50 support and 62.00 resistance.

 

The expected trend for today: Sideways

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 ...