The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Economy

Oil and natural gas: Oil stable above the $90.00 level

by
September 25, 2023
in Economy
0
Oil and natural gas: Oil stable above the $90.00 level
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Oil and natural gas: Oil stable above the $90.00 level

During the Asian session, the oil price moved in the $90.00-$90.60 range.
During the Asian trading session, the price of natural gas was retreating from the $2.71 level. 

Oil chart analysis

During the Asian session, the oil price moved in the $90.00-$90.60 range. At the beginning of the EU session, the price managed to climb up to the $90.80 level, and today’s high was formed there. For now, we have resistance at that level and are retreating to new support at the $90.25 level. It is possible that we will see a continuation of the growth to the bullish side and a break above the $91.00 level. Potential higher targets are $91.30 and $91.50 levels.

We need a negative consolidation and a new pullback to the $90.00 support level for a bearish option. After that, we could expect increased pressure at that level, which would produce a breakout below and the formation of this week’s new low. Potential lower targets are $89.50 and $89.00 levels.

Natural gas chart analysis

During the Asian trading session, the price of natural gas was retreating from the $2.71 level. The decline continued in the EU session with the formation of a low at the $2.67 level. We soon came across the EMA50 moving average, which could provide price support in stopping this pullback. A break below this support would mean that the price has no strength to recover, and we will see a continuation of the decline to lower levels. Potential lower targets are $2.66 and $2.64 levels.

We need a positive consolidation and a return above the $2.70 level for a bullish option. Then, we need a new breakout above in order to launch further recovery with the next impulse. Potential higher targets are the $2.72 and $2.74 levels.

The post Oil and natural gas: Oil stable above the $90.00 level appeared first on FinanceBrokerage.

Previous Post

Gold and silver: the price of gold slips below $1925 level

Next Post

Lagrano ICO (GRAN): Revolutionize Your Business

Next Post
Lagrano ICO (GRAN): Revolutionize Your Business

Lagrano ICO (GRAN): Revolutionize Your Business

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Democrats project doom and gloom, not celebration, with July 4 messages

    Democrats project doom and gloom, not celebration, with July 4 messages

    July 5, 2025
    Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

    Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

    July 5, 2025
    Iran regime escalates repression toward ‘North Korea-style model of isolation and control’

    Iran regime escalates repression toward ‘North Korea-style model of isolation and control’

    July 4, 2025
    This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    This July 4th, a family waits: American hostage’s father pleads for son’s freedom from Hamas terrorists

    July 4, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved