Crude oil prices experienced downward pressure yesterday, revisiting the critical support level of $68.64. Maintaining consolidation above this threshold is essential to sustaining a bullish trend in the near term.…
Oil Price
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Brent crude oil encountered solid resistance at $73.90, prompting a bearish rebound to test the 50-day exponential moving average (EMA50), which now provides significant support at $73.10. Analysts emphasize the…
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Crude oil prices rose on Wednesday, driven by growing demand signals from China and heightened geopolitical tensions following the latest escalation in the Russia-Ukraine conflict. Brent crude was trading at…
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Brent crude oil prices reached $73.90 but encountered significant resistance at this level, as market participants await a positive catalyst that could propel prices higher. A successful breach of this…
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WTI crude oil prices have gained momentum following a rebound from the support zone around $66.85 per barrel. The price is now approaching a critical zone in the middle of…
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Brent crude oil prices saw a robust rally on Monday, breaking past the $72.06 mark to reach highs near $73.90. This upward movement signals a potential shift from the recent…
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Brent crude oil experienced significant losses last Friday, breaking below the $72.06 mark to edge closer to the anticipated target of $70.65. This downward trend reinforces forecasts of continued price…
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Crude oil prices recently tested the $68.64 mark, but faced significant resistance from the 50-period Exponential Moving Average (EMA), causing a decline. Currently, prices remain below this level, reinforcing the…
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Brent crude oil prices surged to $73.40 before retreating to $72.06, as bearish momentum takes hold. Technical indicators are showing negative signals, suggesting that the price may continue to decline…
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Brent oil prices continue to hover around the $72.06 mark, struggling to break through this level. The overall bearish trend remains in play, with the key resistance at $72.65. As…