Crude oil price tests the channel’s support line – Analysis - 10-06-2021
Economies.com
2021-06-10 04:32AM UTC
Crude oil price traded with clear negativity yesterday to settle at the bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the main bullish trend, which its next main target located at 72.20.
The EMA50 supports the suggested bullish wave, noting that breaking 69.25 will press on the price to continue the decline and visit 68.00 level before any new positive attempt.
The expected trading range for today is between 68.20 support and 71.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
Commodities Technical Analysis
Commodities
Natural gas price continues the positive crawl – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price started to form a ...
Commodities
Platinum price turned green – Forecast today – 16-5-2024
2024-05-16 05:35AM UTC
Platinum Price Analysis Expected Scenario Platinum price turned green in the ...
Commodities
Copper price takes breath – Forecast today – 16-5-2024
2024-05-16 05:35AM UTC
Copper Price Analysis Expected Scenario Copper price approached the first additional ...