Crude Oil maneuvers in sideways range 09/07/2013

Economies.com
2013-07-09 05:38AM UTC

Crude oil price made some bearish correction yesterday which stopped at 102.35, which leads the daily close to settle at 103.00, while the price needs now  to confirm the next intraday trend by surpassing one of the critical levels which are represented by 102.35 support and 104.10 resistance, where breaking the mentioned support is considered as the key for heading directly towards 100.65, while breaching above 104.10 will lead to resume the overall bullish trend without the need for more bearish correction.

 

Expected trading range for today is between 101.50 support and 105.00 resistance.

 

Expected trend for today: Depends on the above mentioned levels

Commodities News

Oil News

Commodities

Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Gold News

Commodities

Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the ...
Oil Analysis

Commodities

Crude oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Crude oil price provided new positive trades to reach 83.40$ areas, and bounced bearishly to ...
Silver Analysis

Commodities

Silver price forecast update 23-04-2024
2024-04-23 11:06AM UTC
Silver price shows new negative trades to attack 26.90$ and attempts to hold below it, to stop the ...