Brent crude oil finds support at 95.00

Source: Dukascopy Bank SA


Despite piercing the low level zone at 97.00/98.60 and the 200-day simple moving average, the price for Brent crude oil found support and recovered in mid-July. Support was found in the 95.00 level. On July 26, the commodity price was fluctuating above the 105.00 mark and appeared to face no resistance.

In theory, Brent crude oil might surge and encounter resistance in the combination of the 110.00 level and the 50-day simple moving average. A surge higher, could potentially stop at the 115.00 mark and the 2014 high at 115.70. Higher above, note the high level zones below 125.00 and above 130.00.

However, a potential decline of the commodity is set to first look for support in the previously passed 97.00/98.60 zone, before reaching the 95.00 and 90.00 levels.
Back to articles

Actual Topics

Thu, 28 Jul 2022 09:10:44 GMT

Bitcoin tests resistance zone

Since the second part of June, the price for Bitcoin has been testing the resistance zone at 21,970.00/24,340.00. During late July, the rate had even approached the upper border of the resistance zone. On July 28, the pair was located at the 23,000.00 mark. A move above the 24,340.00 level is expected to encounter resistance in the 25,000.00 mark. Higher

Tue, 26 Jul 2022 11:40:12 GMT

USA 30 index respects round and historical levels

In June and July, the USA 30 stock index has been finding support in the zone, which surrounds the 30,000.00 mark. Meanwhile, resistance was being provided by the 50-day simple moving average. In late July, the moving average failed to continue to push the stocks down. On July 26, the index was testing the resistance of the 32,000.00 mark

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.