Crude oil crawls upwards – Analysis - 28-08-2018
Economies.com
2018-08-28 04:22AM UTC
Crude oil price shows slight bullish bias on its way towards the first waited target at 69.44, and the price gets continuous positive support by the EMA50, waiting to get strong positive motive that assists to breach the mentioned level and opens the way to achieve our next target at 70.82.
In general, we will continue to suggest the bullish trend conditioned by the price stability above 68.06, as breaking it will push the price to achieve negative targets that start at 66.25 and extend to 63.60.
Expected trading range for today is between 67.45 support and 70.82 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...