Midday update for Brent oil 20-07-2017
Economies.com
2017-07-20 09:54AM UTC
Brent oil price keeps its stability above 49.50 level, which keeps the bullish trend scenario valid for today, waiting to head towards 50.72 level initially.
Stochastic negativity interprets the reasons of the current sideways fluctuation, noting that breaking 49.50 will stop the expected rise and push the price to test 48.28 areas before any new attempt to rise.
Expected trading range for today is between 48.28 support and 51.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Natural gas price moves slowly – Forecast today – 2-5-2024
2024-05-02 08:14AM UTC
Expected Scenarios Natural gas price continued to provide slow sideways trades, affected by ...
Commodities
Platinum price repeats the positive attempts – Forecast today – 2-5-2024
2024-05-02 08:05AM UTC
Expected Scenarios Platinum price ended yesterday by settling above 950.00$ level again, ...
Commodities
Copper price keeps the correctional bearish track – Forecast today – 2-5-2024
2024-05-02 08:04AM UTC
Expected Scenarios No change to copper price bearish track, as it keeps providing negative ...