Crude oil keeps its positive stability – Analysis - 04-12-2018
Economies.com
2018-12-04 05:14AM UTC
Crude oil price tested 52.60 level and kept its stability above it, to keep the bullish trend scenario active in the upcoming sessions, supported by stochastic and the EMA50 positivity, waiting to head towards 57.46 that represents our next main target.
We should note that breaking 52.60 followed by 51.46 levels will stop the expected rise and push the price to resume the main bearish trend again.
Expected trading range for today is between 52.60 support and 55.50 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 30-04-2024
2024-04-30 17:48PM UTC
Crude oil price traded with strong negativity to succeed achieving our waited target at 81.50$ and ...
Commodities
Brent oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the ...
Commodities
Crude oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows some bullish bias to ...