Crude Oil around the moving average – Analysis - 27/11/2015
Economies.com
2015-11-27 05:12AM UTC
Crude oil price fluctuates around the EMA50 and attempts to surpass it, which will support continuing the main bearish trend that its next target located at 37.73, noting that stochastic reaches the oversold areas, which might cause more sideways fluctuation in the upcoming sessions.
Note that holding below 43.37 level represents key condition to continue the bearish trend overview, as breaching this level will push the price to test 46.85 level before any new attempt to decline.
Expected trading range for today is between 40.00 support and 44.05 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Commodities
Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...