Midday update for Crude oil 16-04-2018
Economies.com
2018-04-16 10:05AM UTC
Crude oil price faces negative pressure to attack 66.30 level, which urges caution from the upcoming trading, as holding below this level will stop the recently suggested positive scenario and push the price to start bearish correction that targets 65.43 areas initially.
Until now, the bullish trend scenario will remain active conditioned by the price stability above 66.30, waiting to head towards our next main target at 70.00.
Expected trading range for today is between 65.45 support and 69.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price broke the 87.67$ level ...
Commodities
Crude oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price resumes its negative trading ...
Commodities
Silver price forecast update 18-04-2024
2024-04-18 11:11AM UTC
Silver Price Analysis Expected Scenario Silver price is attempting to return to the ...