Crude oil hits the target – Analysis - 20-09-2018
Economies.com
2018-09-20 04:18AM UTC
Crude oil price keeps rallying by today’s opening to succeed reaching our waited target at 71.38, getting continuous positive support by the EMA50, reinforcing the chances of continuing the bullish bias inside the bullish channel that appears on the chart, noting that breaching the mentioned level will push the price towards 72.65 as a next main station.
Therefore, the bullish trend will remain suggested in the upcoming sessions unless breaking 69.74 level and holding below it.
Expected trading range for today is between 69.00 support and 73.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities Technical Analysis
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:17PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the ...
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:16PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the main ...
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...