Crude Oil breaches the resistance – Analysis - 30/09/2014
Economies.com
2014-09-30 05:03AM UTC
Crude oil succeeded to breach 94.00 level and settled with a daily close above it, opening the way to extend the bullish correctional wave that appears on the above chart, as the next target is located at 96.55.
Therefore, the bullish trend will remain suggested for the upcoming period, supported by the EMA50, while its continuation requires holding above 94.00 level.
Expected trading range for today is between 93.75 support and 96.55 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Crude oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price finds good resistance formed by ...
Commodities
Silver price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Silver Price Analysis Expected Scenario Silver price shows sideways trades since ...
Commodities
Gold price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Gold Price Analysis Expected Scenario Gold price fluctuates within tight range ...