Midday update for Crude Oil 01-08-2016
Economies.com
2016-08-01 10:08AM UTC
Crude oil price bounced bearishly after retesting 41.87 level, which supports the continuation of our bearish overview for efficiently for the upcoming period, reinforced by stochastic negativity that appears clearly on the four hours' time frame, and the way is open to continue the decline towards our main waited target at 38.84.
Therefore, the bearish bias will be suggested for the upcoming sessions conditioned by the price stability below 41.87 and 42.80 levels.
Expected trading range for today is between 38.84 support and 43.00 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
Sugar price hits the second target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Sugar Expected Scenario Sugar price resumed its negative trading to ...
Commodities
Corn price hits the target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Corn Expected Scenario Corn price succeeded to achieve our waited ...
Commodities
Brent oil price crawls upwards – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for Brent Oil Expected Scenario The Brent oil price has resumed positive ...