Midday update for Brent oil 26-05-2023

Economies.com
1 week ago

Brent oil price trades positively to approach the sideways range’s resistance at 76.80, and the sideways move scenario still valid until confirming breaching one of the mentioned range’s lines represented by the mentioned resistance and 74.30 support line followed by detecting the next destination clearly.

 

To review the details of the expected targets after the breach, please check our morning issued report.

 

The expected trading range for today is between 74.00 support and 77.70 resistance.

 

The expected trend for today: Sideways

Commodities News

Gold News

Commodities

Gold declines under pressure from the dollar
59 minutes ago
Gold prices declined in European trade for the first session in three under pressure from the ...
Gold News

Commodities

Gold extends gains but still trades below $2,000
14 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Copper News

Commodities

Copper loses momentum amid economic concerns and technical signals
18 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price without any change – Analysis – 7-6-2023
4 hours ago
Natural gas price still waiting for any motivate to manage to exit the recently dominating calm ...
Platinum Analysis

Commodities

Platinum price fluctuates below the barrier – Analysis – 7-6-2023
4 hours ago
Platinum price still consolidated below 1040.00 barrier until now, to hinder the chances of ...
Copper Analysis

Commodities

Copper price needs new momentum – Analysis – 7-6-2023
4 hours ago
Copper price kept its positive stability above 3.5700 support line, to increase the chances of ...