Crude Oil hovers around the support – Analysis - 21/10/2014
Economies.com
2014-10-21 05:19AM UTC
Crude oil price made an attempt to break the bearish channel’s support yesterday, but it returned to settle around it again, which keeps the chances valid to achieve positive trading to target the mentioned channel’s resistance, which is located at 87.40.
Therefore, we will keep our bullish trend expectations which are supported by stochastic positivity, while it remains valid and active unless breaking 81.85 level and holding below it.
Expected trading range for today is between 80.80 support and 85.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...