Brent oil price attempts to breach – Analysis - 22-08-2019
Economies.com
2019-08-22 04:38AM UTC
Brent oil price attempted to breac the key resistance 59.93 and approached 61.00$ barrier yesterday, but it bounced bearishly to move below the mentioned resistance again, which keeps the bearish trend scenario valid for the upcoming period, waiting to get negative motive that assists to push the price towards 56.23 that represents our next main target.
Therefore, we are waiting for negative trading today conditioned by the stability of the daily close below 59.93.
The expected trading range for today is between 58.00 support and 61.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Commodities
Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...