Crude Oil begins positively 03/12/2012
Economies.com
2012-12-03 05:46AM UTC
The price continued the positivity to make attempts to breach retest level of the neckline shown in the image, and after settling above the EMA50, the bullish trend will be preferred during the upcoming period, but a daily close above 89.00 is needed to reinforce these expectations.
For now, we prefer staying aside until getting the mentioned daily close.
Expected trading range for today is between: 87.00 support and 93.00 resistance.
Expected trend for today: Neutral
Commodities News
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...