Crude oil price keeps its positive stability – Analysis - 30-04-2019
Economies.com
2019-04-30 04:29AM UTC
Crude oil price begins to rebound bullishly from the main bullish channel’s support line, to keep the bullish trend valid and active in the upcoming sessions, and the price needs to get enough positive momentum to push trading to achieve more gains, noting that surpassing the EMA50 will ease the price mission to rise.
Note that the expected bullish wave targets begin by breaching 64.90 to confirm opening the way to head towards 67.00, while breaking 63.00 represents negative factor that will press on the price to turn to decline on the intraday and short term basis.
The expected trading range for today is between 62.40 support and 65.50 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
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 $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 23-04-2024
2024-04-23 18:24PM UTC
Crude oil price rallies upwards to reach our waited target at 83.90$, and the way seems open to ...
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 ...