Crude oil continues to decline – Analysis - 26-12-2018

Economies.com
2018-12-26 05:31AM UTC

Crude oil price settles below 43.00$ barrier after the decline that it witnessed in the previous sessions, moving within bearish channel that supports the expectations of continuing the bearish trend in the upcoming period, as our next target is located at 40.00, while holding below 45.46 represents key condition to continue the expected bearish trend.

 

Expected trading range for today is between 40.00 support and 44.00 resistance.

 

Expected trend for today: Bearish

Commodities News

Gold News

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 ...
Oil News

Commodities

Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading ...
Oil Analysis

Commodities

Crude oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Crude Oil Price Analysis Crude oil price fluctuates positively to approach testing the key ...
Silver Analysis

Commodities

Silver price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Silver Price Analysis Silver price breached the 26.90$ level clearly and closed the last four ...