Crude oil rebounds bearishly – Analysis - 15-08-2018
Economies.com
2018-08-15 04:17AM UTC
Crude oil price traded with strong negativity after 68.06 level proved its strength against the price’s positive attempts, to continue moving inside the bearish channel that appears on the chart, and the way is open to achieve our negative targets that begin at 65.00 and extend to 63.60.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 68.06.
Expected trading range for today is between 65.00 support and 68.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Commodities
Gold price within tight range – Forecast today - 25-04-2024
2024-04-25 05:46AM UTC
Gold Price Analysis Gold price fluctuates within tight range since yesterday, hovering around ...
Commodities
Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...