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

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price returns to the bullish correction – Forecast today - 29-03-2024
2024-03-29 01:50AM UTC
Wheat Price Analysis Expected Scenario: Continuing Bullish Momentum Wheat price rallied ...
Technical Analysis

Commodities

Sugar price completes the positive pattern – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Sugar Price Analysis Expected Scenario: Continuing Bullish Trend Sugar price managed to breach ...
Technical Analysis

Commodities

Soybean price keeps the positive stability – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Soybean Price Analysis Expected Scenario: Continuing Bullish Trend Soybean price attempted to ...