Brent oil price gets a negative motive – Analysis - 11-02-2019
Economies.com
2019-02-11 05:24AM UTC
Brent oil price shows sideways trading in the previous sessions, and the price still below the previously broken bullish channel’s support line, besides that it broke a minor rising wedge’s support line, accompanied by witnessing negative signals by stochastic now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, reminding you that our next main target is located at 59.55, while achieving it conditions holding below 63.10.
The expected trading range for today is between 59.00 support and 62.50 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...