Brent oil almost reaches 2021 high

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since the last review of Brent oil price, the commodity has continued to decline, as it almost reached the 2021 high level at 86.73 in early September. However, the price recovered and during most of the month was fluctuating between 90.00 and 95.00 levels.

In general, it appears that the price is waiting for the US Federal Reserve Rate hike on Wednesday at 18:00 GMT. Depending on the size of the rate hike, commodities will either surge or decline as the US Dollar's value changes.

A move below, 86.73 could look for support in the 85.00 and 80.00 levels, which acted as resistance and support in 2021.

However, a recovery of the commodity price might find resistance in 100.00 and 105.00. Observe the chart to note that these levels have acted as support and resistance during the summer, despite being ignored during the second quarter of the year.
Back to articles

Actual Topics

Thu, 22 Sep 2022 10:50:32 GMT

USD/CHF reacts to central bankers

This trading week, which ends with September 23, the Federal Reserve hiked 0.75% and made comments about additional tightening incoming. Meanwhile, the Swiss National Bank also hiked their interest rates by 0.75%. In the aftermath of the interest rate changes and central banker press conferences, the market decided that the USD is set to be gain more strength than

Tue, 20 Sep 2022 10:42:08 GMT

USA30 stocks reach support zone

Since the last review of the USA 30 stock index, the index has declined. In general note the two large red candles, which were caused by fundamental events. Namely, the US Fed Chairman Jerome Powell stated that a recession is likely and the US inflation data revealed that despite monetary efforts inflation is rampant. By September 20, the index had

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.