Midday update for Crude Oil 27/11/2015
Economies.com
2015-11-27 10:52AM UTC
Crude oil price shows bearish bias since morning to begin the process of breaking the rising wedge’s support line that appears on chart, which forms negative motive that supports the continuation of the bearish trend in the upcoming sessions, which will assist to push the price towards our main target located at 37.73.
Therefore, our bearish trend expectations will remain valid for today, unless breaching 43.37 level and holding with a daily close above it.
Expected trading range for today is between 40.00 support and 44.05 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...