Midday update for Crude Oil 18-05-2017
Economies.com
2017-05-18 10:14AM UTC
Crude oil price declines clearly to begin testing the critical support at 48.37, which represents one of the next trend key besides 49.40 resistance, as long as the price confined between these levels, so our neutral attitude will remain valid until now, waiting for breaching one of the mentioned levels to detect the next trend clearly.
To recognize the details of the expected targets from the breach, please review our morning report.
Expected trading range for today is between 47.50 support and 51.00 resistance.
Expected trend for today: Depends on the above mentioned level
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
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
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 ...