Crude oil price keeps its positive stability – Analysis - 20-07-2022
Economies.com
2022-07-20 04:12AM UTC
Crude oil price attempted to break 98.25 level but it managed to hold above it again, to resume the positive trades and approach the bullish channel’s resistance that declines now to 101.15, and we suggest the continuation of the bullish bias to surpass this level and head towards 103.60 as a next positive target.
Therefore, our bullish overview will remain valid and active conditioned by the price stability above 98.25.
The expected trading range for today is between 97.50 support and 103.60 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
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...