Midday update for Brent oil 14-02-2020
Economies.com
2020-02-14 11:09AM UTC
Brent oil price shows shows positive trading now to approach testing the key resistance 57.36, and as we mentioned in our morning report, the stability of the daily close below this level keeps our bearish overview valid for today, supported by the negative signal provided by stochastic, waiting to head towards 52.00 as a next main station, taking into consideration that breaching 57.36 will push the price to achieve more bullish correction that its next target located at 59.91.
The expected trading range for today is between 54.20 support and 57.36 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the ...
Commodities
Crude oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows some bullish bias to ...
Commodities
Silver price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Silver Price Analysis Expected Scenario Silver price managed to break 26.90$ and closed ...