Brent oil price is recovering – Forecast today - 09-04-2024
Economies.com
2024-04-09 02:25AM UTC
Brent Oil Price Analysis
Expected Scenario
Brent oil price trades positively, surpassing the 91.00$ barrier and attempting to hold above it, supporting the continuation of the expected bullish trend on the intraday and short-term basis. The way is open to visit the bullish channel’s resistance, now at 92.35$, with the potential to reach 94.05$ as a next positive station upon breaching this level.
The bullish channel continues to organize the main bullish wave. Breaking 90.10$ might lead to a temporary decline to test the channel’s support line around 87.90$ before any new positive attempt.
Expected Trading Range
Between the support at 90.00$ and the resistance at 93.00$
Trend Forecast: Bullish
Commodities News
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...