date: 22 February 2021 Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price After 100$ reduction in ounce price and reaching to 1750$, It was able to stabilize its trading in the support range of 1770$ […]
Category Archives: analysis
date: 18 February 2021 By increasing in the crude oil prices, the prices of chemical and petrochemical products, under the influence of rising prices have been increased. Also Naphtha has moved closer to the 600 $ resistance level after crossing the 520$ price range. Naphtha seems to have difficulties to reach 600$. Regarding to stability […]
date: 16 February 2021 Oil prices peaked after Saudi Arabia and OPEC production fell after the outbreak of the Corona virus. According to the previous Oil prices analyses, oil was able to break its negative trend line with strength and reach the range of 63$ per barrel. It seemed that we would see an increase […]
date: 15 February 2021 Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price Gold Price could not enter the $1860 channel last week. As the global economy raises and vaccinations increased the economy is returning to […]
date: 6 January 2021 Urea price has an increasing trend in 2021 by 4 USD/MT growth, it reaches to 272 USD/MT. Technically its price can reach 290USD/MT.Economically, because of decreasing demand in the Middle East and Europe, no increase is expected this week. However, noting the last Opec meeting and increasing crude oil production, positive […]
date: 20 December 2020 Brent crude oil, after decreasing to 19$ from 86$ reached a balance in resistance range of 45$ and even passed 50$. If it passes 57$, expected midterm and long-term prices are 63$ and 72$.
date: 20 December 2020 Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price Gold price per Ounce increased 3% in previous week and was close to 1896 $, but it could not pass 1900 $. After […]
date: 17 December 2020 Crude oil price after reaching to its 34 years supporting level (first of 1986, 10USD/barrel) increased 4 times and reached to its resistance range. If crude oil price exceeds 50 USD/barrel, it is expected to exceed 60USD/barrel. In case, the price reaches 60USD/ barrel, expected midterm and long-term price are 78 […]
date: 16 December 2020 UREA (GRANULAR) FOB MIDDLE EAST FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) After decreasing 38% of urea price from 340 USD/MT, the increasing trend started again from 210 USD/MT. nowadays, the price is at resistance region (Blue box). At this point, the price range 273-288 USD/MT is crucial and if the price […]
date: 18 January 2021 Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price. Gold ounce price could not stay at $1850. 1.9 trillion US dollar aid to economy was one reason. Increasing the vaccination rate can […]