Crude oil keeps its positive stability – Analysis - 18-09-2017
Economies.com
2017-09-18 03:38AM UTC
Crude oil price settles above 49.45 level, noticing that stochastic begins to provide positive overlapping signal on the four hours' time frame, motivating the price to continue rising on the short term basis, organized inside the bullish channel that appears on chart.
The EMA50 continues to support the expected bullish wave, which its next main target located at 52.85, reminding you that holding above 49.45 and 48.37 levels represents key condition to continue the expected rise.
Expected trading range for today is between 48.37 support and 52.85 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
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 ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...