Brent oil price resumes the decline – Analysis - 27-08-2019
Economies.com
2019-08-27 04:57AM UTC
Brent oil price bounced downwards well after the rise that it witnessed yesterday, which keeps our bearish overview valid on the intraday and short term basis, as our next target is located at 56.23.
The EMA50 supports the suggested negative scenario, which will remain valid and active unless breaching 59.93 level and holding with a daily close above it.
The expected trading range for today is between 56.50 support and 59.90 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Palladium regains footing but remains below $1000
2024-05-10 14:55PM UTC
Palladium prices rose on Friday even as the dollar inched higher against major rivals, however, the ...
Commodities
Silver prices rush to three-week highs as US yields taper off
2024-05-10 11:46AM UTC
Silver prices rose in European trade on Friday on track for the third straight profit, scaling a ...
Commodities
Gold reverses higher as dollar dips after weak data
2024-05-09 19:44PM UTC
Gold prices rose on Thursday as the dollar index declined against most major rivals following ...
Commodities Technical Analysis
Commodities
Natural gas price repeats the positive closings – Forecast today – 13-5-2024
2024-05-13 05:36AM UTC
Natural Gas Price Analysis Expected Scenario Despite natural gas price lack of the ...
Commodities
Platinum price settles near the first target – Forecast today – 13-5-2024
2024-05-13 05:30AM UTC
Platinum Price Analysis Expected Scenario Platinum price provided new positive close ...
Commodities
Copper price repeats the stability below the resistance – Forecast today – 13-5-2024
2024-05-13 05:29AM UTC
Copper Price Analysis Expected Scenario The Copper price didn’t move recently ...