Crude oil price awaits the breach – Analysis - 15-09-2021
Economies.com
2021-09-15 04:15AM UTC
Crude oil price provided temporary negative trades yesterday to lean on 70.00 barrier and rebounds bullishly to test 71.05 level again, to keep the bullish trend scenario valid and active for the upcoming period, waiting to breach the mentioned level to confirm opening the way to head towards our next positive target at 73.30.
The EMA50 continues to support the expected bullish trend, which will remain valid unless breaking 69.25 level and holding below it.
The expected trading range for today is between 69.50 support and 72.50 resistance.
The expected trend for today: Bullish
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 $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Wheat price keeps its positive stability – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Wheat Price Analysis Wheat price provided clear positive trades in the previous sessions to ...
Commodities
Corn price tests the support base – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Corn Price Analysis Corn price is testing 449.20$ level and keeps its stability above it, ...
Commodities
Brent oil price begins negatively – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Brent Oil Price Analysis Brent oil price rebounds bearishly after testing 89.50$ level, to head ...