Midday update for Crude Oil 16-01-2017
Economies.com
2017-01-16 11:58AM UTC
Crude oil price shows calm trading since morning and crawls slowly to the main support at 51.80, as long as the price above this level, so our bullish trend expectations will remain valid and active for today, supported by stochastic positivity, waiting for testing 55.27 level initially, reminding you that breaching this level will extend crude oil gains to reach 56.50 as a next main station.
Expected trading range for today is between 51.25 support and 55.27 resistance.
Expected trend for today: Bullish
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
Gold is expected to reach $3,000 by end of 2024: Here are the best 3 platforms and brokers for trading it
2024-04-25 04:29AM UTC
Index Gold Price Technical Analysis and Forecasts for 2024 and 2025 Best Gold Trading ...
Commodities
Soybean price approaches the target – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Soybean Price Analysis Soybean price rebounds bearishly after approaching our waited target at ...
Commodities
Corn price under the negative pressure – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Corn Price Analysis Corn price managed to break 449.20$ level and approaches to retest the ...