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
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
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
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 ...