Crude oil price attempts to recover – Analysis - 26-03-2021
Economies.com
2021-03-26 04:43AM UTC
Crude oil price shows positive trades after touching 57.40 level yesterday, to head towards potential retest to the key resistance 59.85, noticing that the EMA50 continues to press negatively on the price, to support the continuation of the expected bearish trend scenario for the upcoming period, which its next targets extend to reach 54.85.
Note that breaching 59.85 and holding above it will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 57.50 support and 60.50 resistance.
The expected trend for today: Bearish
Commodities News
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
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
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 ...