Crude oil price declines strongly – Analysis - 07-12-2022
Economies.com
2022-12-07 04:52AM UTC
Crude oil price found solid support at 73.64, to settle near it, facing contradiction between the technical factors that makes us stay aside until we get clearer signal for the next trend.
Note that breaking 73.64 will press on the price to continue the decline and head towards 70.00 areas mainly, while breaching 74.90 will lead the price to start intraday bullish correction that its main targets begin by visiting 77.05.
The expected trading range for today is between 72.20 support and 76.50 resistance.
The expected trend for today: Neutral
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...