Crude oil price begins with more positivity – Analysis - 28-09-2021

Economies.com
1 year ago

Crude oil price opens today’s trading with new bullish rally to surpass 76.00 barrier and opens the way to reach our main expected target at 76.95, and we suggest surpassing this level to head towards the bullish channel’s resistance at 78.60.

 

Therefore, the bullish trend will remain dominant on the intraday and short term basis, noting that holding above 73.30 represents key condition to continue the expected rise.

 

The expected trading range for today is between 75.00 support and 78.00 resistance.

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold climbs over 1%, approaching $2,000 once more
6 hours ago
Gold prices rose on Thursday as the dollar lost ground against most major rivals following ...
Oil News

Commodities

Oil climbs to five-week high as dollar weakens
13 hours ago
Oil prices rose in European trade on Thursday for a second session, almost hitting five-week highs ...
Gold News

Commodities

Gold gains ground as dollar tapers off
17 hours ago
Gold prices rose in European trade, resuming gains as the dollar slowed down against major ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 08-06-2023
16 hours ago
Brent oil price resumes its negative trading to break 76.80 level and attempt to hold below it, ...
Oil Analysis

Commodities

Midday update for Crude oil 08-06-2023
16 hours ago
Crude oil price shows negative trades to head towards testing potential test to the key support ...
Silver Analysis

Commodities

Midday update for Silver 08-06-2023
16 hours ago
Silver price returns to attack 23.00 level, motivated by the positive overlapping signal provided ...