Crude oil price hits the target – Forecast today - 24-04-2024
Economies.com
2024-04-24 03:57AM UTC
Crude Oil Price Analysis
Crude Oil Scenario:
- Crude oil price managed to touch our waited target at 83.90$ and settles there, as it finds solid resistance there, especially that the EMA50 meets this level to add more strength to it, which might push the price to decline again and achieve more bearish correction.
- Now, we prefer to stay aside until the price confirms its situation according to 83.90$ level to detect the next destination clearly, noting that breaching it will push the price to regain the main bullish trend and achieve gains that start at 85.15$ and extend to 87.05$, while consolidating below it will push the price to visit 81.50$ again.
Trading Range:
- The expected trading range for today is between 82.00$ support and 85.30$ resistance
Trend forecast: Neutral
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
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
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 ...