Crude oil price begins with new negativity – Analysis - 23-11-2021
Economies.com
2021-11-23 05:23AM UTC
Crude oil price opens today’s trading with new decline to move below 76.40, reinforcing the expectations of the correctional bearish trend domination, paving the way to head towards our next negative target that reaches 73.60.
The EMA50 and stochastic provide negative signals that support the expected decline, taking into consideration that failing to consolidate below 76.40 will lead the price to start intraday recovery attempts that target testing 78.90 areas initially.
The expected trading range for today is between 74.50 support and 77.30 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
US crude stocks fall more than expected last week
2024-05-08 15:53PM UTC
The Energy Information Administration reported a drop of 1.4 million barrels in US crude stocks ...
Commodities
Gold under pressure as dollar gains ground
2024-05-08 10:04AM UTC
Gold prices fell on Wednesday on track for the second day in a row, about to trade below the ...
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price succeeded to touch our waited ...
Commodities
Crude oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear negativity ...
Commodities
Silver price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Silver Price Analysis Expected Scenario Silver price trades negatively now to approach ...