Midday update for Brent oil 07-12-2018
Economies.com
2018-12-07 10:39AM UTC
Brent oil price shows sideways trading since morning and keeps its stability below 61.80, noticing that stochastic loses its positive momentum gradually, while the EMA50 forms negative pressure against the price.
Thus, these factors encourage us to continue suggesting the bearish trend that its targets begin at 57.77 and extend to 56.91 after breaking the previous level.
Expected trading range for today is between 57.50 support and 61.00 resistance.
Expected trend for today: Bearish
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
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 ...