Crude oil price shows more bullish bias to approach 82.00$ barrier, getting continuous positive support by the EMA50, which supports the chances of achieving more gains in the upcoming sessions, noting that our next target rises to 83.00.

Therefore, the bullish trend will remain dominant on the intraday and short term basis, taking into consideration that breaking 80.80 might press on the price to target the bullish channel’s support line around 77.60 before any new attempt to rise.

The expected trading range for today is between 80.50 support and 83.50 resistance.

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	0.9656	-0.0321	3.2153%
The EURUSD collapses – Analysis - 26-09-2022
	GBP/USD	1.0703	-0.0663	5.8315%

	Silver	18.650	-0.609	3.162%

	Oil	78.279	-4.211	5.105%
Crude oil price under more negative pressure – Analysis - 26-09-2022
	Brent Oil	85.59	-0.59	0.68%

	Gold	1643.050	-20.900	1.256%
Gold price achieves the extended negative targets – Analysis - 26-09-2022

Live Forex Updates

Germany's Business Climate index tumbles to two-year lows

2022-09-26 08:34:07 GMT

Baker Hughes reports increase in US oil rigs last week

2022-09-23 18:04:59 GMT

US services PMI rises past estimates

2022-09-23 14:19:07 GMT

UK services PMI contracts for first time in 20 months

2022-09-23 08:41:07 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.