Crude oil price gains the positive momentum – Analysis - 25-04-2019
Economies.com
2019-04-25 04:19AM UTC
Crude oil price shows slight negative trades since yesterday to move around 65.75 now, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50.
Therefore, we are waiting for positive trading in the upcoming sessions supported by the EMA50 that protecs trades inside the bullish channel that appears on the chart, reminding you that our waited targets begin at 67.00 and extend to 70.55, while achieving them conditions holding above 64.90.
The expected trading range for today is between 64.90 support and 67.50 resistance.
The expected trend for today: Bullish
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
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 ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...