Crude oil price suffers more losses – Analysis - 02-11-2020
Economies.com
2020-11-02 04:52AM UTC
Crude oil price opened today’s trading with strong decline to succeed achieving our waited target at 34.30, noticing that the price attacked this level and approached 33.00 barrier, to hint heading to achieve more decline, noting that the negative negative target reaches 32.30.
Therefore, the bearish trend will remain valid and active for the upcoming sessions supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 34.95 and the most important below 36.10.
The expected trading range for today is between 32.30 support and 35.60 resistance.
The expected trend for today: Bearish
Commodities News
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
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
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 Technical Analysis
Commodities
Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...
Commodities
Soybean price reactivates the correctional scenario – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Soybean Price Analysis Soybean price breached the 1193.10$ level clearly and closed the daily ...
Commodities
Corn price hits the target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Corn Price Analysis Corn price rallied upwards yesterday to succeed achieving our first waited ...