Crude oil prices commenced today’s trading session with a bearish gap, dropping below the $75.65 level. However, the 50-period Exponential Moving Average (EMA50) is providing significant support, which could facilitate…
Oil Price
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Brent crude oil prices opened today with a noticeable downward trend, trading below $78.66. However, the market is currently showing signs of a potential rebound as prices approach an intraday…
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The World Trade Organization (WTO) has issued a warning regarding a possible increase in fuel prices if the ongoing conflict in the Middle East continues to escalate. WTO Director-General Ngozi…
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Crude oil prices have notably surpassed the $75.65 mark, closing above this level yesterday. This movement strengthens expectations for an ongoing bullish trend, paving the way for potential targets of…
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Brent oil prices experienced a significant increase yesterday, surpassing the first target of $78.66 and reaching the second target of $80.00. Analysts suggest that this upward trend is likely to…
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Crude oil prices have recently rebounded after leaning on the 50% Fibonacci correction level, measuring the rise from $65.51 to $78.78. This rebound indicates a potential resumption of the primary…
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The price of Brent crude oil experienced a continued decline yesterday, approaching the anticipated target of $75.24. However, a notable rebound occurred as the price corrected from its previous bearish…
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Natural gas prices have remained consolidated around the $2.720 level, with no significant upward movement recorded so far. The stagnation is attributed to ongoing discrepancies among major market indicators. However,…
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Crude oil prices attempted to break the $73.48 level but failed to sustain a position below it. As of this morning, the market opened with a renewed bearish trend, pushing…
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Brent oil prices experienced a sharp decline yesterday, falling below the anticipated target of $78.47 to reach as low as $76.68. Following this drop, the price showed signs of recovery…