Crude oil price gets new positive signal – Analysis - 14-09-2023
Economies.com
1 week ago
Crude oil price fluctuates at the bullish channel’s support line that appears on the chart, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets begin at 90.00 and extend to 91.65 after surpassing the previous level.
Holding above 88.10 is important to continue the expected rise, as breaking it represents negative factor that will push the price to start intraday bearish correction that its targets begin by testing 86.90.
The expected trading range for today is between 88.10 support and 90.70 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Is that the real reason behind Saudi Arabia's crude production cuts?
11 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Commodities
Palladium declines as dollar muscles up amid global inflation concerns
13 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Commodities
Oil prices climb for second straight day
16 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 22-09-2023
18 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Commodities
Midday update for Crude oil 22-09-2023
18 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Commodities
Midday update for Silver 22-09-2023
18 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...