Crude oil price breaches the resistance – Analysis - 19-01-2022
Economies.com
2022-01-19 05:12AM UTC
Crude oil price managed to breach 85.40 level and close the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to achieve more positive targets that start at 86.50 and extend to 88.00.
The EMA50 continues to support the expected rise, noting that holding above 85.40 represents the first condition to continue the bullish trend, as breaking it might press on the price to test 83.40 areas before any new attempt to decline.
The expected trading range for today is between 84.60 support and 87.30 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading ...
Commodities
Crude oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Crude Oil Price Analysis Crude oil price fluctuates positively to approach testing the key ...
Commodities
Silver price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Silver Price Analysis Silver price breached the 26.90$ level clearly and closed the last four ...