Brent oil price tests the support base – Analysis - 18-03-2019
Economies.com
2019-03-18 05:24AM UTC
Brent oil price tested the key support 66.50 and kept its stability above it, as the EMA50 managed to protect the mentioned level, while stochastic provides positive signals now.
Therefore, we believe that the chances are valid to resume the expected bullish trend on the intraday and short term basis, which its next target extends to reach 72.62, noting that breaking 66.50 will press on the price to visit 63.95 areas before any new attempt to rise.
The expected trading range for today is between 66.00 support and 69.00 resistance.
The expected trend for today: Bullish
Commodities News
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
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
Commodities Technical Analysis
Commodities
Wheat price completes negative pattern – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
Wheat Price Analysis Expected Scenario Wheat price provided new negative trades ...
Commodities
Corn price suffers clear losses – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
Corn Price Analysis Expected Scenario Corn price declined strongly yesterday to ...
Commodities
Brent oil price awaits more rise – Forecast today - 16-05-2024
2024-05-16 04:11AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price continues to trade ...