Midday update for Brent Oil 26-05-2017
Economies.com
2017-05-26 10:56AM UTC
Brent oil price traded with clear positivity since morning in its way to our first waited target at 52.71, and the price gets positive factor by stochastic, reinforcing the expectations for the continuation of the bullish trend in the upcoming sessions, reminding you that breaching the mentioned level will open the way towards 54.87 on the near term basis.
In general, the expected rise will remain valid for today unless breaking 50.96 level and holding with a daily close below it.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...