Crude oil price attacks the support – Analysis - 10-10-2019
Economies.com
2019-10-10 04:52AM UTC
Crude oil price begins today’s trading with strong decline to test the key support 51.80, which supports the continuation of our bearish overview on the intraday and short term basis, and the price needs to confirm breaking the mentioned level to open the way to extend the bearish wave towards 50.00.
The EMA50 continues to support the suggested bearish wave, which its continuation conditions holding below 54.60.
The expected trading range for today is between 50.50 support and 53.50 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
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 Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...