Crude oil price attempts positively – Analysis - 07-07-2020
Economies.com
2020-07-07 04:28AM UTC
Crude oil price provided calm positive trades yesterday and attempted to surpass 40.41 level, but it doesn’t have enough positive momentum to continue rising, which makes us continue with our neutrality until we get clearer signal for the next trend, which we will get throught confirming surpassing the mentioned level or breaking the support that rises now to 39.25.
Note that breaching the mentioned resistance will lead the price to achieve additional gains and visit 43.05 areas initially, while breaking the support will press on the price to suffer intraday basis that start at 36.10.
The expected trading range for today is between 39.00 support and 42.00 resistance.
The expected trend for today: Neutral
Commodities News
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
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...