Midday update for Crude Oil 04/02/2016
Economies.com
2016-02-04 11:21AM UTC
Crude oil price hovers around 32.56 level and it didn’t show any strong move since morning, therefore, there is no change on the overall bearish trend that depends on the stability below the mentioned level, besides stochastic current negativity, waiting for bouncing lower to head towards 29.05 levels initially.
Breaking 31.65 level will ease achieving the suggested decline, reminding you that breaching 32.56 level will push the price to extend its gains and targets 35.13 level before any new attempt to decline.
Expected trading range for today is between 30.00 support and 34.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
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 ...