Crude oil approaches the target – Analysis - 01-11-2018
Economies.com
2018-11-01 04:52AM UTC
Crude oil price keeps providing the negative trading to settle below 65.00 barrier, approaching our main waited target at 64.43, noting that the price falls under continuous negative pressure that makes us suggest breaking the mentioned level and extend the bearish wave towards 63.60 followed by 62.00 on the near term basis.
Therefore, the bearish trend will remain dominant in the upcoming period unless breaching 67.40 level and holding above it.
Expected trading range for today is between 63.00 support and 66.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...