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Brent Oil Price Analysis Expected Scenario The Brent oil price rallied strongly, breaching the 90.95$ level and settling above it. This action stops the previously suggested negative scenario and resumes the main bullish trend within the bullish channel. Expected Outcome The expected outcome is for the bullish trend to continue,...
Brent oil price traded with clear negativity in the previous sessions to break 90.10$ and settles below it, to fall under expected negative pressure in the upcoming sessions, especially after the formation of double top pattern that its signs appear on the chart, thus, the bearish bias will be suggested...
Brent Oil Price Analysis Expected Scenario Brent oil price crawls upwards calmly, waiting to get positive motive that assist to push the price to achieve the expected bullish wave targets that start at 92.35$ and extend to 94.05$ after surpassing the previous level. In general, the bullish trend will remain...
Brent Oil Price Analysis Expected Scenario Brent oil price trades positively, surpassing the 91.00$ barrier and attempting to hold above it, supporting the continuation of the expected bullish trend on the intraday and short-term basis. The way is open to visit the bullish channel’s resistance, now at 92.35$, with the...
Brent Oil Price Analysis Expected Scenario Brent oil price decline stopped at 89.15$ level, as the EMA50 formed good support that forces the price to rebound bullishly now, to hint heading to resume the main bullish wave without the need to visit the bullish channel’s support line as we mentioned...
Brent Oil Price Analysis Expected Scenario Brent oil price found difficulty to surpass the bullish channel’s resistance line, opening today’s trading with clear negativity and heading towards building a bearish wave on the intraday basis. According to the trading rules inside the channels, the price is on its way to...
Brent Oil Price Analysis Expected Scenario Brent oil price shows positive trades now in attempt to resume the expected bullish trend for today. Waiting to breach 91.55$ to confirm rallying towards our next main target at 92.75$. Expected Outcome In general, the bullish trend scenario will remain valid and active...
Brent Oil Price Analysis Expected Scenario Brent oil price rallied strongly upwards yesterday, achieving the awaited extended target at 91.00$. The price surpassed this level and settled above it, supporting the continuation of the bullish wave on the short-term and medium-term basis. Additional gains are expected, with the next target...
Brent Oil Price Analysis Expected Scenario Brent oil price fluctuates negatively since morning. Stochastic gets rid of its negativity to approach the oversold areas. Expected Outcome Waiting to motivate the price to resume the expected bullish trend for today, which targets 91.00$ as a next main station. The EMA50 keeps...
Brent Oil Price Analysis Brent oil price succeeded in achieving our first waited target at 90.00$ and attempted to breach it, facing temporary negative pressure affected by stochastic negativity. The EMA50 keeps providing positive support to the price, keeping the bullish trend scenario active for the upcoming period, with the...
Brent Oil Price Analysis Brent oil price resumes its positive trades now, waiting to test the 90.00$ level that represents our first target. We expect to breach this level to extend the bullish wave towards 91.00$ as the next positive station. Stochastic current negativity might hinder the mission to rise...