Crude oil price breaches the resistance – Analysis - 27-06-2022
Economies.com
2022-06-27 04:13AM UTC
Crude oil price breached 104.60 level and the bearish channel’s resistance clearly and settled above them, to stop the recently suggested negative scenario and head to achieve expected gains on the intraday basis, on its way to test 109.15 mainly.
Therefore, we expect to witness more bullish bias in the upcoming sessions, noting that breaking 104.60 will stop the expected rise and press on the price to resume the bearish wave again.
The expected trading range for today is between 104.60 support and 110.00 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 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...