Crude oil price rallies upwards again – Analysis - 17-09-2019

Economies.com
2019-09-17 05:07AM UTC

Crude oil price achieved strong gains yesterday and breached 60.92 level to close the daily candlestick above it, which hints the price head to continue rising on the intraday and short term basis, on its way to visit 64.00 followed by 64.58 levels as next positive targets.

 

Therefore, the bullish trend will be suggested in the upcoming sessions unless we witnessed new break to 60.92 level and holding with a daily close below it.

 

The expected trading range for today is between 60.50 support and 64.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Gold Analysis

Commodities

Gold price within tight range – Forecast today - 25-04-2024
2024-04-25 05:46AM UTC
Gold Price Analysis Gold price fluctuates within tight range since yesterday, hovering around ...
Platinum Analysis

Commodities

Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...