Crude oil price keeps its negative stability – Analysis - 24-06-2022

Economies.com
2022-06-24 04:36AM UTC

Crude oil price consolidates below 104.60 level after the positive attempts that it witnessed yesterday, which keeps our bearish overview valid for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to resume the negative trades to head towards 98.95 as a next main target.

 

On the other hand, we should note that breaching 104.60 will lead the price to turn to rise and achieve intraday gains that start by testing 107.00 and extend to 109.15 after surpassing the previous level.

 

The expected trading range for today is between 100.00 support and 106.00 resistance.

Open Live Trading Account

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...