Crude oil price confirms the break – Analysis - 18-07-2019
Economies.com
2019-07-18 04:50AM UTC
Crude oil price confirmed breaking 57.33 level after closing the daily candlestick below it, to fall under expected negative pressure in the upcoming period, targeting visiting 56.00 followed by 54.47 levels mainly.
Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, taking into consideration that breaching 57.33 and holding above it again will reactivate the main positive scenario that its targets begin by testing 60.86 areas again.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Commodities
Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Commodities
Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...