Midday update for Brent oil 23-09-2022
Economies.com
2022-09-23 09:19AM UTC
Brent oil price managed to break 90.20 level to confirm opening the way to continue the decline on the intraday and short term basis, waiting to visit 88.25 as a next main target, noting that breaking this level will extend the bearish wave to target 87.10 areas as a next main station, while holding below 90.20 represents the first condition to continue the expected decline.
The expected trading range for today is between 88.00 support and 90.20 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
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 Technical Analysis
Commodities
Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Commodities
Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...
Commodities
Copper price repeats the sideways fluctuation – Forecast today – 25-4-2024
2024-04-25 05:38AM UTC
Copper Price Analysis Copper price repeated the sideways trades near $4.4000 recently, ...