Midday update for Crude Oil 29-03-2017
Economies.com
2017-03-29 11:33AM UTC
Crude oil price achieved an initial breach to the mentioned falling wedge’s resistance and attempts to settle above it, which supports the continuation of the expected bullish trend scenario for today efficiently, waiting for more of the upside moves to visit 50.70 level mainly.
Therefore, the positive expectations will remain valid in the upcoming sessions unless breaking 48.37 level and holding below it, where breaking it will push the price to resume the bearish correctional track that its next main target located at 44.10.
Expected trading range for today is between 47.00 support and 50.70 resistance.
Expected trend for today: Bullish
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
Wheat price tests the support base – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Wheat Price Analysis Expected Scenario Wheat price continues to press on 597.10$ support ...
Commodities
Soybean price attempts to recover – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Soybean Price Analysis Expected Scenario Soybean price begins today with clear positivity to ...
Commodities
Corn price surpasses the resistance – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Corn Price Analysis Expected Scenario Corn price resumed its positive trading clearly to ...