Crude oil price keeps achieving gains – Analysis - 12-01-2022
Economies.com
2022-01-12 05:22AM UTC
Crude oil price shows more rise to reach the thresholds of the first waited target at 81.75, and moves inside the bullish channel that supports the chances of achieving more gains on the intraday basis, noting that the next targets reach 84.00 followed by 85.40.
Therefore, the bullish trend will remain valid and active for the upcoming period conditioned by the price stability above 79.80.
The expected trading range for today is between 80.00 support and 83.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the ...
Commodities
Crude oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Crude oil price provided new positive trades to reach 83.40$ areas, and bounced bearishly to ...
Commodities
Silver price forecast update 23-04-2024
2024-04-23 11:06AM UTC
Silver price shows new negative trades to attack 26.90$ and attempts to hold below it, to stop the ...