Crude oil price gets a positive signal – Analysis - 18-09-2020
Economies.com
2020-09-18 03:30AM UTC
Crude oil price resumes its positive trading to breach 41.00 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to achieve more gains in the upcoming sessions, as the next positive targets located at 41.85 and extend to 43.05.
Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 40.30.
The expected trading range for today is between 39.80 support and 42.50 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities Technical Analysis
Commodities
Platinum price moves slowly – Forecast today – 3-5-2024
2024-05-03 07:02AM UTC
Scenarios Scenario 1: Slow Positive Attempts Despite positive factors, platinum price sees slow ...
Commodities
Copper price under the negative pressure – Forecast today – 3-5-2024
2024-05-03 07:00AM UTC
Scenarios Scenario 1: Continuous Negative Pressure Copper price affected by stochastic exit ...
Commodities
Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...