Tag: brent

Oil prices deepened their decline by about 2% during trading today, Friday, as Brent crude fell to less than 97 dollars, giving up the gains recorded in morning trading. The black gold was trading in the green range with gains of nearly 2% in early trading; Due to fears of disruption to global supplies, as […]

Oil prices fell, today, Monday, after beginning the week’s trading earlier in the session on a rise. The markets are in a state of volatility, with investors looking for contradictory scenarios to tighten Russian energy supplies due to the Ukrainian crisis, and more crude oil entering the market amid indications of a possible nuclear agreement […]

• Brent reversed from support area • Likely to rise to resistance level 95.25 Brent crude oil recently reversed up from the combined support area located between the round support level 90.00 (former resistance from the end of January), 20-day moving average and the 50% Fibonacci correction of the previous impulse wave (v) from last […]

• Brent reversed from support zone • Likely to rise to resistance level 93.35 Brent recently reversed up from the support area located between the key support level 90.00 (former resistance from January), 38.2% Fibonacci correction of the upward impulse (i) from January and the support trendline of the daily up channel from December. The […]

Oil prices rose again by more than 1% during trading on Thursday, with Brent crude rising above $92, in a volatile session, with the release of the monthly OPEC report. Crude prices turned lower earlier in trading, with a noticeable rise in the US dollar during trading, after US data showed inflation accelerating to a […]

• Brent reversed from support level 85.35 • Likely to rise to resistance level 88.75 Brent recently reversed up from the key support level 85.35 (previous strong resistance level from October, actin as the support after it was broken at the start of this year). The upward reversal from the support level 85.35 started the […]