Midday update for Crude Oil 27/11/2014
Economies.com
2014-11-27 12:09PM UTC
Crude oil price continues to decline surpassing 73.00 level, which supports the continuation of the decline for today that targets visiting 70.00 area, and the markets still waiting OPEC meeting today, which is waited to come out with decisions that might decide the next oil price trend on the medium term.
In general, the bearish trend scenario will remain valid as long as trading is below 74.25 level.
Expected trading range for today is between 71.00 support and 74.25 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
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 Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...