Crude oil leans on the channel’s support – Analysis - 07-03-2019
Economies.com
2019-03-07 05:09AM UTC
Crude oil price leans well on the bullish channel’s support line that appears on the chart and begins providing positive attempts, which hints the price head to resume the main bullish trend, and it needs to braech 57.46 to confirm extending the bullish wave towards our next positive targets that reach 60.00 and extend to 64.90.
Therefore, the bullish trend will be suggested in the upcoming sessions, noting that breaking 55.85 might press on the price to test 54.50 level before any new attempt to rise.
The expected trading range for today is between 55.85 support and 58.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Palladium regains footing but remains below $1000
2024-05-10 14:55PM UTC
Palladium prices rose on Friday even as the dollar inched higher against major rivals, however, the ...
Commodities
Silver prices rush to three-week highs as US yields taper off
2024-05-10 11:46AM UTC
Silver prices rose in European trade on Friday on track for the third straight profit, scaling a ...
Commodities
Gold reverses higher as dollar dips after weak data
2024-05-09 19:44PM UTC
Gold prices rose on Thursday as the dollar index declined against most major rivals following ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 10-05-2024
2024-05-10 17:33PM UTC
Crude oil price trades with strong negativity to approach our waited target at 77.64$, to support ...
Commodities
Brent oil price forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios Brent oil price trades negatively now in attempt to resume the ...
Commodities
Crude oil price forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios Crude oil price shows negative trades to attempt to return below ...