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Brent crude oil prices remain stable above the $73.99 to $73.875 per barrel support zone, with resistance levels identified at $75.15 and $77.22 as analysts monitor potential Russia-Ukraine peace talks.Gold prices continue to show strength despite a recent sell-off, targeting last week's all-time high of $2942 and the psychological $3000 mark, while copper prices have retreated from a nine-month high of $4.8368, with support expected between $4.6368 and $4.5408.
Brent crude oil prices have declined amid optimism for eased Russian sanctions and a potential Ukraine-Russia peace deal, with a focus on last week's low of $73.94 per barrel. In contrast, silver prices are approaching mid-December highs, while copper continues to rise, targeting the $4.9000 mark. Potential support levels for both metals are noted as they navigate recent price movements.
Brent crude oil prices continue to decline, trading below the 55-day SMA at $74.89 per barrel, with a potential drop to the $73.00 region if Tuesday's low of $73.99 is breached. Silver prices briefly surpassed $32.33 per troy ounce but are now facing resistance, with support around $31.73. Copper is testing a key resistance zone between $4.4933 and $4.4983, with potential upward targets if this level is surpassed.
Brent crude oil prices are testing key support between $76.08 and $74.90 per barrel, with potential for a rise towards $81.00 if this level holds. Meanwhile, spot silver is breaking through its resistance zone, targeting $31.53, while copper prices are bouncing off support at $4.2045, with expectations for a new up leg if they surpass $4.31.
Brent crude oil has faced resistance around $81.89, with a potential drop below $78.68 likely, testing key support levels. Silver struggles to break its downtrend line, while maintaining a bullish outlook, with support at $30.03. Copper prices are testing support at $4.26 - $4.33 after breaking through previous resistance, with a medium-term positive trend in play.
Brent crude oil prices are testing key resistance levels, with a potential breakout above $81.89 signaling a rise towards $90.00 amid declining inventories and global supply concerns. Meanwhile, silver has rallied past its downtrend line, targeting $31.53, while copper has surged above its $4.26-$4.33 resistance zone, with the next target at $4.49.
Stocks in the Asia Pacific region opened the week cautiously amid uncertainties regarding future Federal Reserve rate cuts, with South Korea's Kospi down 0.71%. The US markets closed lower on Friday, with the Dow dropping 696 points, while Indian equities also fell for the second consecutive day, influenced by financials and pharma stocks. The Indian rupee weakened to an all-time low against the US dollar, nearing the 86 mark.
Brent crude oil prices remain range-bound, trading near the 55-day SMA at $73.27, with key support at $70.76 - $69.91 and resistance between $74.18 - $76.16. Meanwhile, spot silver has seen an 11% decline from its December high, currently oscillating around the 200-day SMA at $29.76, with minor resistance at $30.12 and support between $29.71 - $29.65.
Brent crude oil prices have experienced a bearish reversal after reaching a high of 74.38, influenced by a strong US dollar. The 55-day simple moving average at 73.78 has rejected recent gains, suggesting a potential decline to Tuesday's low of 72.28, with significant support between 70.76 and 69.91.
Brent crude oil prices are rising, approaching key resistance levels between 74.18 and 76.16, driven by ongoing global supply concerns. In contrast, spot silver has dropped to $30.29, nearing its October low, while US wheat prices have retreated from a three-week high of 570, with support seen at 551.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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