Crude oil price is recovering – Analysis - 13-05-2022
Economies.com
2022-05-13 04:29AM UTC
Crude oil price couldn’t manage to hold for long time below 104.60, to trade with strong positivity and breach this level and settles above it, to head towards achieving new expected gains in the upcoming sessions, targeting 109.15 level as a next main station.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 104.60 will put the price under the negative pressure again.
The expected trading range for today is between 104.00 support and 109.15 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
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 Technical Analysis
Commodities
Wheat price begins negatively – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Wheat Price Analysis Expected Scenarios Wheat price provided strong positive trades in the ...
Commodities
Sugar price within sideways range – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Sugar Price Analysis Expected Scenarios Sugar price fluctuates within sideways range as ...
Commodities
Soybean price keeps rising – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Soybean Price Analysis Expected Scenarios Soybean price shows more bullish bias to settle ...