Crude oil price continues to rise – Analysis - 14-06-2021
Economies.com
2021-06-14 04:42AM UTC
Crude oil price resumes its positive trading by today’s open to move away from 71.00 barrier, reinforcing the expectations of achieving more gains in the upcoming period, reminding you that our first target is located at 72.20, which breaching it represents the key to rally towards 74.00 as a next main station.
On the other hand, we should note that breaking 70.55 will stop the suggested rise and press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bullish
Commodities News
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
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
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 ...