Crude oil price is recovering – Analysis - 04-03-2021
Economies.com
2021-03-04 05:14AM UTC
Crude oil price begins today with new positivity to breach 61.15 and settles above it, which stops the negative scenario suggested yesterday and leads the price to resume the main bullish trend, on its way to visit the recently recorded top at 63.76 as a first positive target.
Therefore, we are waiting for more rise today supported by moving above the EMA50, noting that breaking 61.10 will press on the price to test 60.00 initially before any new attempt to rise.
The expected trading range for today is between 60.50 support and 63.70 resistance.
The expected trend for today: Bullish
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 ...