Crude oil within continuation pattern – Analysis - 25-09-2017
Economies.com
2017-09-25 03:39AM UTC
Crude oil price recent trading is confined within bullish pennant flag that appears on chart, which means that breaching 50.70 will activate the positive effect of this pattern followed by pushing the price to resume the main bullish trend, supported by the EMA50 that carries the price from below.
Therefore, our bullish overview will remain valid and active in the upcoming period conditioned by holding above 49.45, noting that our next main target is located at 53.20.
Expected trading range for today is between 49.00 support and 53.20 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...