Crude oil price gets negative close – Analysis - 23-06-2022
Economies.com
2022-06-23 04:32AM UTC
Crude oil price showed mixed trades yesterday after achieving our first waited negative target at 101.50 but it closed the daily candlestick below 104.60, to reinforce the expectations of continuing the bearish trend in the upcoming sessions, organized inside the bearish channel that appears on the chart, waiting to head towards 98.95 as a next main target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 104.60 will lead the price to start recovery attempts and achieve gains that start by visiting 109.15 areas.
The expected trading range for today is between 100.00 support and 105.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...