Brent oil looks for support near 100.00

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


Throughout most of March, the price for Brent crude oil was massively volatile, as the Russian invasion of Ukraine has caused major moves in energy markets. In general, the price spiked to a zone at 130.85/133.15, before declining down below the 100.00 mark only a week after. Namely, the range of volatility was 36.18 USD during a couple of weeks.

In mid-March, the price made another attempt at surging, which reversed at 122.40/124.20. Afterwards, a decline occurred down to 102.30 level where the the 50-day simple moving average and the 2022 low level connecting trend line are located at. On April 4, the price was located near the 105.00 level, as the mentioned levels still acted as support.

If the commodity price is pushed up by the trend line and the 50-day simple moving average, a potential surge would highly likely encounter resistance at 122.40/124.20 and 130.85/133.15.

On the other hand, a move below the support levels is expected to look for support in the March low level zone at 96.70/98.00, before booking new low levels.
Back to articles

Actual Topics

Mon, 04 Apr 2022 10:22:58 GMT

USD/CHF declines after testing high level zone

The breaking of the triangle pattern resulted in a sharp surge. The surge eventually hit the early 2021 high level zone at 0.9460/0.9475. The zone's resistance held and the pair started a decline. By April 4, the US Dollar's decline against the Swiss Franc had touched and found support in the 0.9200 level. If the pair continues to decline, it

Fri, 01 Apr 2022 09:49:48 GMT

Germany 40 Index hits resistance zone

The German top 40 stock index hit a low level on March 6 at 12,450.00. This level is notable with the fact that it had acted as resistance and support to surges since 2018. The level has been capable of reversing one month long recoveries and keeping the index from declining for a period of up to three months.

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.