Crude oil price leans on the channel’s support – Analysis - 04-10-2021
Economies.com
2021-10-04 04:24AM UTC
Crude oil price bounced upwards clearly after leaning on the main bullish channel’s support line, to head towards resuming the main bullish track, approaching the recently recorded top at 76.64, noting that breaching this level will extend the bullish wave to reach 79.00 areas on the near term basis.
Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 74.65 will stop the expected rise and put the price under the correctional bearish pressure again.
The expected trading range for today is between 74.50 support and 77.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
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 Technical Analysis
Commodities
Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Commodities
Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Commodities
Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...